n-On
Dashboard Desmos|Graphing...
[i] Desmos | Matrix Cal...
Onelog
Question 11 of 15
\( -/ 11 \)
View Policies
Current Attempt in Progress
Presented below is an adjusted trial balance for Shawn Company, at December 31, 2021.
\begin{tabular}{|c|c|c|c|}
\hline Cash & \( \$ 7,700 \) & Accounts payable & \( \$ 10,000 \) \\
\hline Accounts recelvable & 20,000 & Notes payable & 9,000 \\
\hline Prepaid insurance & 15,000 & Accumulated depreciation-Equipment & 14,000 \\
\hline Equipment & 35,000 & Service revenue & 29,000 \\
\hline Depreciation expense & 7,000 & Common stock & 10,000 \\
\hline Dividends & 1.500 & Retained earnings & 14,000 \\
\hline Advertising expense & 1,400 & Unearned service revenue & 16,000 \\
\hline Rent expense & 800 & & \\
\hline Salaries and wages expense & 12,000 & & \\
\hline Insurance expense & 1,600 & & \\
\hline & \( \$ 102,000 \) & & \( \$ 102,000 \) \\
\hline
\end{tabular}
(a)
Prepare closing entries for December 31. 2021. (Credit account sities are automatically indented when anount he entered Do not indent manually)
\begin{tabular}{|c|c|c|c|}
\hline Date. & Account Titles and Explanation & Debit & Credit \\
\hline
\end{tabular}
\( \square \) \( \square \) \( \square \)
(To dose revenue account.)