This is a partial adjusted trial balance of Ramon Company.

RAMON COMPANY Adjusted Trial Balance January 31, 2017
		Debit		Credit
Supplies		$700
Prepaid Insurance		1,560
Salaries and Wages Payable				$1,060
Unearned Service Revenue				750
Supplies Expense		950
Insurance Expense		520
Salaries and Wages Expense		1,800
Service Revenue				4,000

Prepare the closing entries at January 31, 2017. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 31

(To close revenue account)

Jan. 31

(To close expense accounts)

Jan. 31

(To close net income / (loss))