pter 4 08-10 80% Question 5 of 6 View Policies Current Attempt in Progress - / 50 E On November 30, 2021, the Lily Equipment Repair Corp's adjusted trial balance was as follows. The company closes its books monthly. LILY EQUIPMENT REPAIR CORP. Trial Balance November 30, 2021 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Salaries Payable Income Tax Payable Deferred Revenue Common Shares Retained Earnings Dividends Declared Service Revenue Salaries Expense After Adjustment Debit Credit $ 35,430 7,220 1,000 18,000 $3,900 700 1,000 1.100 1,300 15,000 33,200 550 16,400 4,600 700 > LILY EQUIPMENT REPAIR CORP. Trial Balance November 30, 2021 After Adjustment Debit Credit Cash $ 35,430 Accounts Receivable 7.220 Supplies 1,000 Equipment 18,000 Accumulated Depreciation - Equipment $3,900 Accounts Payable 700 Salaries Payable 1,000 Income Tax Payable 1,100 Deferred Revenue 1,300 Common Shares 15,000 Retained Earnings 33,200 Dividends Declared 550 Service Revenue 16,400 Salaries Expense 4,600 Rent Expense 700 Supplies Expense 3,700 Income Tax Expense 1,100 300 Depreciation Expense $72,600 $72,600 Totals Prepare the closing journal entries. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 (To close revenue account.) 30 (To close expense accounts.) 30 (To close net income/loss)) 30