Requirement: Prepare the closing entry(ies)

	SlimSalem	Adjusted Trial Balance
	31-Dec-19
				Debit	Credit
Cash				50,000.000
Accounts Receivable				12,600.000
Office Supplies				3,000.000
Prepaid Rent				1,575.000
Equipment				30,000.000
Accumulated depreciation-Equipment					900.000
Accounts Payable					2,500.000
Utilities Payable					400.000
salaries Payable					1,375.000
Unearned revenue					1,500.000
Salem, Withdrawals				20,000.000
Salem, Capital					52,000.000
Service Revenue					300,000.000
Rent Expense				46,000.000
Salaries Expense				154,000.000
Supplies Expense				22,000.000
Utilities Expense				12,500.000
Depreciation Expense-Eq				17,000.000
			TOTAL	368,675.000	358,675.000