On December 31, the adjusted trial balance of Cisneros Employment Agency shows the following selected data.

Accounts Receivable$23,800 Service Revenue$93,400

Interest Expense 8,900 Interest Payable 3,900

Analysis shows that adjusting entries were made to (1) accrue $4,300of service revenue and (2) accrue $3,900interest expense.

Prepare the closing entries for the temporary accounts shown above at December 31.

Prepare the reversing entries on January 1.