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. 
Definitions:
Abstract Thought
The ability to think about concepts, ideas, and principles that are not physically present or directly sensed, involving complex cognitive processing.
Cognitive Development
The process of growth and change in intellectual capabilities that influence a person's behavior and learning ability.
Basic Trust
The belief in the reliability, truth, ability, or strength of someone or something, often developed in early childhood.
Mistrust
A lack of confidence or faith in a person or thing, often resulting from negative past experiences or perceptions of unreliability.
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