Required Prepare the closing journal entries at the end of the fiscal year, June 30, 2012. blem 4-2 are income ment, statement tained earnings, ified balance The adjusted trial balance for Denver Architects, Inc., follows. 1. The pre 2. The ea DENVER ARCHITECTS, INC. Adjusted Trial Balance December 31, 2012 4. Tra closing entries ost-closing trial ce (L.O. 3-5, 7) Debits Credits Cash $ 90,000 20,000 Interest Receivable Notes Receivable Prepaid Insurance 4,000 Prepaid Rent Supplies on Hand Equipment Accumulated Depreciation-Equipment Buildings Accumulated Depreciation-Buildings 60,000 $ 12,500 56,240 15,000 Accounts Payable Notes Payable Interest Payable Salaries Payable Capital Stock Retained Earnings, January 1, 2012 Dividends Service Revenue Insurance Expense Rent Expense Advertising Expense Depreciation Expense-Equipment Depreciation Expense-Buildings 10,000 750 7,000 20,200 360,000 40,000 1,920 9,600 3,000 Supplies Expense 150,000 Salaries Expense Interest Expense Interest Revenue 585,650 $585,650