The trial balances of Orton Company follow with the accounts arranged in alphabetic order. Analyze the data and prepare
(a) The adjusting entries and
(b) The closing entries made by Orton Company.

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Trial Balances Unadjusted $10,000 2,200 13,000 Adjusted $10,000 3,200 17,000 16,300 60,000 30,000 4,000 11,000 Post-Closing $10,000 3,200 17,000 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Advertising Expense Cash 60,000 30,000 60,000 30,000 Common Stock Depreciation Expense Dividends 11,000 75,000 17,800 15,000 75,000 1,500 11,000 Equipment Prepaid Advertising Prepaid Rent Rent Expense Retained Earnings 75,000 1,500 11,000 4,000 52,200 105,000 52,200 96,000 3,200 2,000 23,000 38,000 72,400 Service Revenue Supplies Supplies Expense 700 700 4,500 15,000 45,000 7,000 Unearned Service Revenue 15,000 Salaries and Wages Expense Salaries and Wages Payable 7,000