The adjusted trial balance of Wu Delivery Services, prepared in alphabetical order follows.

WU DELIVERY SERVICES

Adjusted Trial Balance

December 31, 2017

Debit Credit

Accounts Payable $3,420

Accounts Receivable $2,000

Accumulated Depreciation - Equipment 19,200

Cash 14,400

D. Wu, Capital 7,900

D. Wu, Drawings 1,000

Equipment 40,000

Depreciation Expense 1,200

Insurance Expense 1,140

Interest Expense 170

Interest Payable 160

Prepaid Insurance 1,700

Salaries Expense 12,800

Salaries Payable 1,400

Service Revenue 46,330

Supplies 660

Supplies Expense 1,500

Repairs Expense 780

Utilities Expense 1,060

$78,410 $78,410

Prepare closing entries for Wu Delivery Services

(To close revenue account)

(To close expense accounts)

(To close income summary)

(To close drawings account)