The Following Is the Adjusted Trial Balance as of December

question 189

Essay

The following is the adjusted trial balance as of December 31,2019 of Brooks Design Studio:
$\begin{array}{|l|r|r|r|}\hline\text { Account }&\text { Debit } & \text { Credit }\\\hline \text { Cash } & \$ 1,700& \\\hline \text { Accounts Receivable } & 8,500 & \\\hline \text { Supplies } & 100 & \\\hline \text { Equipment } & 7,500 \\\hline \text { Accumulated Depreciation-Equipment } & &\$2,000\\\hline \text { Accounts Payable } & &1,200 \\\hline \text { Salaries Payable } & & 800 \\\hline \text { Unearned Revenue } & &600 \\\hline \text { Bravo, Capital } &&3,400 \\\hline \text { Bravo, Withdrawals } & 2,300& \\\hline \text { Service Revenue } & &40,000 \\\hline \text { Salaries Expense } &24,000 & \\\hline \text { Supplies Expense } &2,300\\\hline \text { Depreciation Expense-Equipment } &1,600 \\\hline \text {Total}& \$ 48,000 & \$ 48,000 \\\hline\end{array}$ Prepare the closing entry for expenses.Omit explanation.

---

Definitions:

Consideration Set

A group of brands or products a consumer considers as options in the decision-making process before making a purchase.

Motivational Ego Needs

Psychological desires that drive individuals' behaviors with the aim of enhancing self-esteem and personal gratification.

BMW StreetCarver

A skateboard introduced by BMW which combines the mechanisms of a car with the design of a skateboard, aiming to offer a unique riding experience.

Cognitive Dissonance

The mental discomfort or psychological stress experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.