Based on the Following Adjusted Trial Balance, Prepare the Closing $\quad$

question 31

Essay

Based on the following adjusted trial balance, prepare the closing entries for Tudhope Plumbing on December 31, 2019. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text {Tudhope Plumb ing}$
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text {Adjusted Trial Balance}$
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text {December 31, 2019}$

$\begin{array} { l r r } & \text { Debit } & \text { Credit } \\ \text { Cash } & \$ 12,000 & \\ \text { Accounts receivable } & 20,500 & \\ \text { Office supplies } & 4,600 & \\ \text { Prepaid insurance } & 4,800 & \\ \text { Equipment } & 80,500 & \\ \text { Accum. amort.equipment } & & \$ 43,300 \\ \text { Accounts payable } & & 15,500 \\ \text { Unearned service revenue } & & 6,800 \\ \text { Salary payable } & & 3,300 \\ \text { Mike Tudhope, Capital } & & 80,200 \\ \text { Mike Tudhope, withdrawals } & 20,600 & \\ \text { Service revenue } & & 77,500 \\ \text { Salary expense } & 33,900 & \\ \text { Advertising expense } & 15,400 & \\ \text { Utilities expense } & 9,900 & \\ \text { Miscellaneous expense } & 1,700 & \\ \text { Supplies expense } & 4,900 & \\ \text { Insurance expense } & 5,400 & \\ \text { Amort. expense-equipment } & 12,400 &\underline{\quad\quad} \\ \text { Total } & \$ 226,600 & \$ 226,600 \end{array}$

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Definitions:

Apraxia

A motor disorder caused by damage to the brain, characterized by difficulty in executing purposeful movements despite having the desire and physical ability to perform them.

Aphasia

is a communication disorder that results from damage to parts of the brain responsible for language, affecting the person's ability to speak, write, and understand others.

Agnosia

A neurological disorder marked by the inability to recognize and identify objects, people, sounds, or shapes, despite intact sensory faculties.

Neurogenesis

The process of forming new neurons in the brain, which occurs during prenatal development as well as in certain areas of the adult brain throughout a person's life.