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Score: 0 of 1 pt 6 of 8 (4 com E4-20 (similar to) The adjusted trial balance of Sully Sign Company follows: (Click the icon

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Score: 0 of 1 pt 6 of 8 (4 com E4-20 (similar to) The adjusted trial balance of Sully Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Sully Sign Company has a January 31 year-end. Journalize Sully's closing entries at January 31. 2. How much net income or net loss did Sully earn for the year ended January 31? How can you tell? Requirement 1. Assume Sully Sign Company has a January 31 year-end. Journalize Sully's closing entries at January 31. First, we will close the Service Revenue account. Date Accounts and Explanation Debit Credit Jan. 31 i Data Table Sully Sign Company Adjusted Trial Balance January 31, 2016 Balance Account Title Debit Credit Cash $ 15,800 2,900 1,500 45,000 $ 5,100 4,000 Office Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Sully, Capital Sully, Withdrawals 100 4,000 4,800 37,100 900 Service Revenue 17,800 Calaran Cumann 2 con Print Done ear All 4 complete) HV Data Table w 2,900 1,500 45,000 31 $ 5,100 4,000 Office Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Sully, Capital Sully, Withdrawals Service Revenue 100 4,000 4,800 37,100 900 17,800 3,500 1,800 Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense 200 400 900 72,900 $ 72,900 Total Print Done

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