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The unadjusted trial balance for Cullumber at its year end, April 30, 2021, is as follows: CULLUMBER Trial Balance April 30, 2021 Debit Credit Cash

The unadjusted trial balance for Cullumber at its year end, April 30, 2021, is as follows:

CULLUMBER Trial Balance April 30, 2021

Debit

Credit

Cash

$12,300

Accounts receivable

8,800

Prepaid rent

4,900

Equipment

26,880

Accumulated depreciationequipment

$6,720

Accounts payable

6,200

Notes payable

13,000

Unearned revenue

1,400

T. Muzyka, capital

28,955

T. Muzyka, drawings

4,500

Service revenue

14,500

Salaries expense

9,600

Interest expense

715

Depreciation expense

3,080
$70,775 $70,775

Additional information:

1. $600 of the unearned revenue is to be recognized because the related gardening services have been provided by April 30, 2021.
2. The equipment has an estimated useful life of eight years.
3.

Interest on the note payable is due on the first day of each month for the previous months interest. The note payable has a 6% annual interest rate.

Prepare closing entries for the year ended. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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