The adjusted trial balance of Silver Sign Company follows:

$($Click the icon to view the adjusted trial balance.$)$

Requirements

Assume Silver Sign Company has a January $31$ year$-$end. Journalize Silver's closing entries at J

How much net income or net loss did Silver Sign Company earn for the year ended January $31?$

Close the Income Summary account.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jan$.31,,,],[,,,],[,,,]]$

$1$

$11$

IT

ro

$x$

$7/1524,$ &$16$ PM

$$=$

Silver Sign Company Adjusted Trial Balance January $31,2024$

Account Title

Belance

Debit

Credit

Cash

$15,000$

ottice Supplies

Prepaid Rent

$1,200$

$1,100$

Equipment

Accumulated Depreciation$-$Equipment

Accounts Payable

$46,000$

Salaries Payable

Unearned Revenue

Notes Payable $($long$-$term$)$

aammon stock

$$tenguthas

Service Revenue

Salaries Expense

Rent Expense

Depreciation Expense$-$Equipment

Supplies Expense

Utillities Expense

Total

$$69,900$