Prepare the closing entries at september 30

 

The adjusted trial balance for Swifty Holding Ltd. as at September 30, 2021, was as follows: Cash Accounts receivable Prepaid insurance Vehicles Accumulated depreciation-equipment Accounts payable Deferred revenue Income taxes payable Common shares Retained earnings Dividends declared Service revenue Interest income Salaries expense Repairs and maintenance expense Insurance expense Depreciation expense Income tax expense Debit $ 21,000 116,000 12,000 563.000 50,000 376,000 94,000 7,000 40.000 5.000 Credit 296,000 42,000 31,000 8,000 156,000 225,000 518,000 5,000