The following is Mark Companys adjusted trial balance for the year ended August 31, 2019.

Required:

Prepare the closing entries for Mark Company as of August 31,2019

Mark Company
Adjusted Trial Balance
August 31, 2019
Account Titles	DR	CR
Cash	$36,000
Accounts Receivable	$9,000
Prepaid Insurance	$5,160
Office Supplies	$7,300
Equipment	$26,000
Accumulated Depreciation		$8,500
Accounts Payable		$12,100
Interest Payable		$950
Unearned Revenue		$3,800
Bank Loan		$10,000
Retained Earnings		$5,000
Investment		$36,920
Dividends	$7,900
Service Revenue		$23,700
Depreciation Expense	$4,200
Insurance Expense	$1,050
Interest Expense	$600
Rent Expense	$3,200
Telephone Expense	$560
Total	$100,970	$100,970