Week 5 Homework 2:

The company that you work had the following trial balance and closing entries. Your Trial Balance should have an end total of $11,925.

	Trial Balance
	Dec. 31st
	Accounts	DR	CR
	Cash	21825
	Supplies	1550
	Accounts Receivable	13000
	Prepaid Insurance	4800
	Equipment	43000
	Accumulated Depreciation- Equipment		1600
	Accounts Payable		15000
	Owner's Capital		35000
	Owner's Withdrawals	2200
	Service Revenue		68325
	Advertising Expense	1850
	Interest Expense	300
	Salaries Expense	28000
	Utilities Expense	1200
	Insurance Expense	600
	Depreciation Expense- Equipment	1600
	Totals	119925	119925