The following adjusted trial balance is for Jasper Appliance Repair Company:

JASPER APPLIANCE REPAIR COMPANY

Adjusted Trial Balance

June 30, 2012

Debits

Credits

Cash

$ 63,000

Accounts Receivable

42,000

Trucks

110,000

Accumulated DepreciationTrucks

$ 30,000

Accounts Payable

10,800

Notes Payable

20,000

Capital Stock

50,000

Retained Earnings, July 1, 2011

5,500

Dividends

10,000

Service Revenue

230,000

Rent Expense

12,000

Advertising Expense

5,000

Salaries Expense

90,000

Supplies Expense

1,500

Insurance Expense

1,200

Depreciation ExpenseTrucks

10,000

Interest Expense

1,000

Miscellaneous Expense

600

$346,300 $364,300

Make the closing journal entries at the end of the fiscal year, June 30, 2012.