Surrent Attempt in Progress Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2018: 13,600 Income tax payable $ 4.700 Accounts payable Accounts receivable 27.700 3.700 Insurance expense 5,300 Accumulated depreciation-equipment 2,200 Prepaid insurance 18.700 Rent expense 5.900 Cash 19,900 Retained earnings 20.600 Common shares 4,300 Salaries payable 3,000 Depreciation expense Salaries expense 2,000 46,600 Dividends declared Supplies 23.400 1.000 Equipment 87.800 Fees earned 3.900 Supplies expense 5.100 Utilities expense 2,300 Income tax expense Date Account Titles and Explanation Debit Credit Feb. 28 (To dose revenue account) 28 (To close expense accounts.) 28 To close net incom/Boss 28