Requirements 1. Assume Stouse Sign Company has a January 31 year-end. Journalize Stouse's closing entries at January 31. 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 31? How can you tell? 1,900 300 Rent Expense Depreciation ExpenseEquipment Supplies Expense Utilities expense 600 1,000 To close expenses. Close the Income Summary account. Date Accounts and Explanation Debit Credit Jan. 31 Stouse Sign Company Adjusted Trial Balance January 31, 2018 Balance Debit Credit $ 14,300 1,400 700 50,000 5,000 Account Title Cash Office Supplies Prepaid Rent Equipment Accumulated DepreciationEquipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Dividends Service Revenue 4,200 600 3,500 5,500 37,550 850 17,800 17,800 3,100 Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense 1,900 300 600 1,000 Utilities Expense 74,150 $ 74,150 Total