Question # 4 Accounts from the adjusted trial balance at December 31, 2018, are listed in alphabetical order below for Laughter Limited: .. Closing Entries 10 marks 15 minutes Accounts payable Accounts receivable S 4,800 Income tax payable $ 4,000 19,750 Insurance expense 1,600 700 700 800 7,200 10,400 Accumulated depreciation- equipment 39,600 Interest expense 10,000 Interest payable Bank loan payable Cash Common shares Depreciation expense Dividends declared 11,000 Prepaid insurance 20,000 Rent expense 13,200 Retained earnings Equipment Fees earned Held for trading investments Income tax expense 2,000 Salaries expense 13,625 66,000 Salaries payable 60,600 Supplies 10,850 Supplies expense 4,000 Uneaned revenue 6,200 1,625 1,265 5,935 Instructions (a) Prepare an adjusted trial balance. (b) Prepare the closing journal entries