Tunstall, Incorporated, a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31:

Tunstall, Incorporated
Unadjusted Trial Balance
At December 31
	Debit	Credit
Cash	47,200
Accounts receivable	11,400
Supplies	480
Prepaid insurance	610
Service trucks	17,100
Accumulated depreciation		8,500
Other assets	10,060
Accounts payable		2,340
Wages payable
Income taxes payable
Notes payable (3 years; 10% interest due each September 30)		15,000
Common stock (5,900 shares outstanding)		1,916
Additional paid-in capital		17,244
Retained earnings		4,300
Service revenue		87,110
Wages expense	16,200
Remaining expenses (not detailed; excludes income tax)	33,360
Income tax expense
Totals	136,410	136,410

Data not yet recorded at December 31 included:

A. The supplies count on December 31 reflected $190 in remaining supplies on hand to be used in the next year.

B. Insurance expired during the current year, $610.

C. Depreciation expense for the current year, $3,900.

D. Wages earned by employees not yet paid on December 31, $630.

E. Three months of interest expense (for the note payable borrowed on October 1 of the current year) was incurred in the current year.

F. Income tax expense, $5,680.

Journal entry worksheet

Record the closing entry

Transaction	General Journal	Debit	Credit
1