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. (R First, we will close the Service Revenue account. Date Accounts and Explanation Debit Credit Jan. 31 i Data Table Cash $ 15,100 1,500 1,500 52,000 $ 5,500 4,700 200 4,200 5,700 Office Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Summers, Capital Summers, Withdrawals Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense 41,800 1,100 17,000 5,100 1,300 300 400 800 $ $ 79,100 $ 79,100 Total