From the Following Adjusted Trial Balance,journalize the Necessary Closing Entries

question 78

Essay

From the following adjusted trial balance,journalize the necessary closing entries.Prepare a post-closing trial balance.
$\begin{array}{c}\text { Adjusted Trial Balance }\\\begin{array}{lr} \underline{\text { Account Title}}& \underline{\text { Debit}}& \underline{\text { Credit}}\\\text { Cash } & 1,500 \\\text { Accounts Receivable } & 1,460 \\\text { Prepaid Insurance } & 800 \\\text { Supplies } & 900 \\\text { Equipment } & 5,500\\\text { Accumulated Depreciation-Equipment } && 550 \\\text { Accounts Payable } && 1,300 \\\text { Wages Payable } && 760 \\\text { Owner, Capital } && 6,550\\\text { Owner, Drawing } & 1,400 & \\\text { Service Revenue } & & 8,900 \\\text { Wages Expense } & 3,000 &\\\text { Rent Expense } & 1,500 \\\text { Supplies Expense } & 900 \\\text { Utilities Expense } & 600 \\\text { Depreci ation Expense-Equipment } & \underline{500}&\underline{\quad\quad} \\&18,060&18,060\end{array}\end{array}$

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Definitions:

Nature To Society

The interaction and influence of natural environments and resources on human communities and social structures.

Newspapers

Publications issued at regular intervals containing news, editorials, and various other informational or entertainment content.

Political Discussion

The exchange of ideas, perspectives, and arguments regarding governmental policies, political ideologies, and the management of public resources and rights.

Publisher Bias

The tendency of publishers, both in print and online media, to select and present information and narratives according to certain biases or preferences, influencing public perception.