prepare the closing entries

Pre D Ja Ja The following is Blossom Cycle Repair Shop's trial balance at January 31, 2024, the company's fiscal year end: Additional information: 1. The 12-month insurance policy was purchased on June 1, 2023. 2. A physical count of supplies shows $1,320 on hand on January 31,2024. 3. The building has an estimated useful life of 50 years. The equipment has an estimated useful life of nine years. 4. The mortgage payable has a 5% interest rate. Interest is paid on the first day of each month for the previous month's interest. 5. By January 31, 2024, $1,310 of services related to the unearned revenue have been provided. 6. During the next fiscal year, $4,510 of the mortgage payable is to be paid. (a) Your answer has been saved. See score detalls after the due date. Prepare the adjusting entries. (Credit account titles are automatically indented when amount is entered Do not Indent manuolly. If no entry is