Thanos Merchandising Company Unadjusted Trial Balance December 13, 2019
Account	Balance
Bank	499.200
Interest Payable	480.000
Bank Loan (5 years)	1.472.000
Notes Receivable	896.000
Service Revenue	2.880.000
Cost of Service	1.536.000
Office Supplies	57.600
Accumulated Depreciation (Building)	896.000
Equipment	704.000
Marketing Expense	????
Building	1.280.000
Depreciation Expense (Building)	192.000
Interest receivable	240.000
Note payable (3 years)	800.000
Cash	89.600
Profit from sale of equipment	19.200
Account Receivable	364.800
Capital	2.464.000
Utilities Expense	614.400
Accounts Payable	448.000
Bank Loan (1 year)	160.000
Rent Expense	336.000
Prepaid Rent	160.000
Interest Expense	153.600
Accumulated Depreciation (Equipment)	576.000
Service discount	80.000
Land	2.560.000
Depreciation Expense (Equipment)	512.000
Interest Revenue	160.000
Insurance Expense	112.000
Unearned Service Revenue	224.000

Thanos Merchandising Company was established on January 1, 2019. As of December 31, 2019, the following additional information is available:

1. $5.000 of Office Supplies has been used.
2. Accrued interest revenue is $10.000.
3. $15.000 of prepaid rent has expired as of December 31, 2019.
4. As of December 31, 2017, $20.000 of the Unearned Service Revenue is earned.

Required:

1. Find the Marketing Expense for the year of 2019 (Hint: Write all the accounts to debit or credit sides while considering their nature. The total of debit and credit sides should be equal.)
2. Prepare and journalize the adjusting entries.
3. Prepare the adjusted trial balance.
4. Journalize the closing entries.
5. Prepare Income Statement and Statement of Financial Position (Balance Sheet) of Thanos Service Company in proper form.