Use the trial balance to prepare Closing entries

Reyna Company

Adjusted Trial Balance

Cash $ 6,400

Accounts receivable 10,200

Merchandise inventory 46,500

Office supplies 2,400

Stores supplies 1,200

Prepaid Advertising 800

Equipment 18,000

Accumulated depreciation, equipment $ 3,000

Building 90,000

Accumulated depreciation, building 9,000

Land 28,500

Accounts payable 4,650

Salaries payable 2,750

Rent payable 850

Long-term notes payable 24,000

Paul Reyna, capital 156,400

Paul Reyna, withdrawals 24,000

Consulting fees earned 169,200

Salaries expense 47,250

Rent expense 18,900

Advertising expense 27,000

Office supplies expense 41,200

Depreciation expense, building 7,500