Prepare the closing journal entries, assuming Tobique closes its books monthly.

Prepare an adjusted trial balance as at August 31. TOBIQUE LTD. Adjusted Trial Balance August 31, 2018 Debit Credit Cash 3,950 > Accounts Receivable 6,060 Prepaid Advertising 180 Supplies 1020 liluuld Notes Receivable 4000 Interest Receivable 40 Equipment 11110 Accumulated Depreciation - Equipment 2035 Accounts Payable 3270 Accounts Payable 3270 Salaries Payable 1470 Income Tax Payable 300 Unearned Revenue 1330 Common Shares 11400 Retained Earnings 5950 Dividends Declared 530 Service Revenue 8930 Interest Revenue 20 Salaries Expense 5990 Rent Expense 340 OOOO Supplies Expense 820 Depreciation Expense 185 Income Tax Expense 300 Salaries Expense 5990 Rent Expense 340 Supplies Expense 820 LUDOTI Depreciation Expense 185 Income Tax Expense 300 Advertising Expense 180 34705 34705 Prepare an income statement. TOBIQUE LTD. Income Statement Month Ended August 31, 2018 Revenues Service Revenue 8930 Interest Revenue 20 Total Revenue 8950 $ Expenses Salaries Expense 5990 Rent Expense 340