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

Accounts Receivable$23,300 Service Revenue$93,200 Interest Expense 7,900 Interest Payable 2,900

Analysis shows that adjusting entries were made to (1) accrue $6,500of service revenue and (2) accrue $2,900interest expense.

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

Prepare the reversing entries on January 1

Post the entries in (a) and (b).

Prepare the entries to record (1) the collection of the accrued revenue on January 10 and (2) the payment of all interest due ($3,700) on January 15.

Post the entries in (d) to the temporary accounts.