Prepare closing entries.

PROBLEMI The trial balance of Goldsmith Company shown below pertains to December 31, 2012, which is the end of its yearlong accounting period. Data needed for the adjusting entries include the following: Supplies on hand at year end $2,000 a. b. Depreciation on furniture and fixtures $20,000 Depreciation on building $10,000 C. d. Salaries owed but not yet paid 45,000 Accrued services revenue $12,000 e. f. Of the $45,000 balance of unearned service revenues $32,000 was earned during the year. &. Insurance expired was $5,000 Goldsmit mpany Completion or worksheet December 31, 2012 Unadjusted Balance THa Adjustments Adjasted Tilal Balance DR income Statement DR BalancaSheet Account Tle DR CR DR CR CR DR CR Cash Accounts Recelvable Supplies Prepaid Insurance Furniture and Flatures 198,000 370,000 6,000 10,000 100,000 Accumulated Depreciation Fumiture and Fixtures Bulding Accumulated Depreciation: Bulding Accounts Payable Salary Payable Uneamed Revenue Income Tax Payable 40,000 240,000 130,000 380,000 45,000 1.00,000 193,000 Common Stock Retained Earnings Dividends Service Revenue 65,000 286,000 172,000 Salary Expense Supplies Expense Depredation Expense Funiture and Fixtures Depredation Expense Bulding Insurance Expense Miscallaneous Expense 13000 1,174,000 1,174,000