Requirements 1. Assume Simpson Sign Company has a January 31 year-end. Journalize Simpson's closing entries at January 31. 2. How much net income or net loss did Simpson Sign Company earn for the year ended January 31? How can you tell? Requirement 1. Assume Simpson Sign Company has a January 31 year-end. Journalize Simpson's closing entries at January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, close revenues. i Data Table Date Accounts and Explanation Debit Credit Jan. 31 Simpson Sign Company Adjusted Trial Balance January 31, 2018 Balance Account Title Debit Credit Cash 16,000 Office Supplies 1,600 Prepaid Rent 800 Equipment 55,000 Accumulated Depreciation Equipment 6,500 Accounts Payable 4,500 Salaries Payable 500 Unearned Revenue 4,400 Notes Payable (long-term) 5,900 Common Stock 40,100 Dividends 1,200 Service Revenue 18,500 Salaries Expense 3,500 Rent Expense 1,300 Depreciation Expense-Equipment 200 Choose from any list or enter any number in the input fields and then click Check Answer. Supplies Expense 300 500 Utilities Expense t remaining 80,400 $ 80,400 Total parts