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The trial balances of Barola Company follow with the accounts arranged in alphabetic order. Analyze the data and prepare (a) the adjusting entries and (b) the closing entries made by Barola Company. Trial Balances Unadjusted Adjusted Post-Closing Accounts Payable $10,000 $10,000 $10,000 Accounts Receivable 2,200 3,200 3,200 Accumulated Depreciation-Equip. 13,000 17,000 17,000 Cash 60,000 60,000 60,000 Depreciation Expense 0 4,000 0 Dividends 11,000 11,000 Equipment 75,000 75,000 75,000 Insurance Expense 0 16,300 0 Prepaid Insurance 17,800 1,500 1,500 Prepaid Rent 15,000 11,000 11,000 Retained Earnings 52,200 52,200 72,400 Rent Expense 0 4,000 0 Salaries and Wages Expense 38,000 45,000 0 Salaries and Wages Payable 0 7,000 7,000 Service Revenue 96,000 105,000 0 Share Capital-Ordinary 30,000 30,000 30,000 Supplies 3,200 700 700 Supplies Expense 2,000 4,500 0 Unearned Service Revenue 23,000 15,000 15,000