Prepare the Closing Entries of ADP COMPANY. The following accounts are part of the adjusted unarranged Trial Balance of the company as of December 31, 2019.

PROBLEM 1: Prepare the Closing Entries of ADP COMPANY. The following accounts are part of the adjusted unarranged Trial Balance of the company as of December 31, 2019. ADP, CAPITAL $ 500,000 ADP, WITHDRAWALS 19,000 SUPPLIES EXPENSE 1,000 UNEARNED RENT 2,000 INTEREST EXPENSE 12,000 ACCOUNTS PAYABLE 10,000 INTEREST INCOME 34,000 NOTES PAYABLE 20,000 SALARIES EXPENSE 90,000 BUILDING 100,000 SERVICE INCOME 130,000 UNEARNED REVENUES 5,000 INSURANCE EXPENSE 35,000 RENT EXPENSE 30,000 PREPAID RENT 4,000 DEPRECIATION EXPENSE 3,000 RENT INCOME 50,000 OTHER INCOME 10,000 EQUIPMENT 200,000 OTHER EXPENSES 12,000 PROBLEM 1: Prepare the Closing Entries of ADP COMPANY. The following accounts are part of the adjusted unarranged Trial Balance of the company as of December 31, 2019. ADP, CAPITAL $ 500,000 ADP, WITHDRAWALS 19,000 SUPPLIES EXPENSE 1,000 UNEARNED RENT 2,000 INTEREST EXPENSE 12,000 ACCOUNTS PAYABLE 10,000 INTEREST INCOME 34,000 NOTES PAYABLE 20,000 SALARIES EXPENSE 90,000 BUILDING 100,000 SERVICE INCOME 130,000 UNEARNED REVENUES 5,000 INSURANCE EXPENSE 35,000 RENT EXPENSE 30,000 PREPAID RENT 4,000 DEPRECIATION EXPENSE 3,000 RENT INCOME 50,000 OTHER INCOME 10,000 EQUIPMENT 200,000 OTHER EXPENSES 12,000