The adjusted trial balance of Summers Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Summers Sign Company has a January 31 year-end. Journalize Summers' closing entries at January 31. 2. How much net income or net loss did Summers Sign Company earn for the year ended January 31? How can you tell? Requirement 1. Assume Summers Sign Company has a January 31 year-end. Journalize Summers' closing entries at January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) First, close revenues. Date Accounts and Explanation Debit Credit Jan. 31 Data table Part 1 of 6 Summers Sign Company Adjusted Trial Balance January 31, 2024 - X Balance Account Title Sel Debit Credit Cash 15,900 Office Supplies Prepaid Rent Equipment 1,700 1,500 58,000 Accumulated Depreciation-Equipment Accounts Payable $ 6,300 5,000 Salaries Payable 200 Unearned Revenue 3,900 Notes Payable (long-term) 5,900 Common Stock 45,900 Dividends 700 Service Revenue 17.200 Salaries Expense 3,700 Rent Expense 1,600 Depreciation Expense-Equipment 200 Supplies Expense 300 800 Utilities Expense 84,400 $ 84,400 Total Print Done