The trial balances of Grant Company follow with the accounts arranged in alphabetic order:

Trial Balances

Unadjusted Adjusted Post-Closing

Accounts Payable................................. $10,000 $10,000 $10,000

Accounts Receivable........................... 2,200 3,200 3,200

Accumulated Depreciation—equipment ................................................................. 13,000 17,000 17,000

Advertising Expense............................ 0 11,300 0

Cash........................................................ 60,000 60,000 60,000

Depreciation Expense.......................... 0 4,000 0

Equipment.............................................. 75,000 75,000 75,000

F. Grant, Capital.................................... 82,200 82,200 102,400

F. Grant, Drawings............................... 16,000 16,000 0

Prepaid Advertising.............................. 12,800 1,500 1,500

Prepaid Rent.......................................... 15,000 11,000 11,000

Rent Expense........................................ 0 4,000 0

Service Revenue.................................. 96,000 105,000 0

Supplies................................................. 3,200 700 700

Supplies Expense................................. 2,000 4,500 0

Unearned Revenue.............................. 23,000 15,000 15,000

Wages Expense.................................... 38,000 45,000 0

Wages Payable..................................... 0 7,000 7,000

Required:

Analyze the data and prepare a) the adjusting entries and 

b) the closing entries made by the Grant Company.