The following is the adjusted trial balance of Qwik Care Clinic, Inc., for December 31,2010.

Requirement 1. Journalize the closing entries at December 31.

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Qwik Care Clinic, Inc. Adjusted Trial Balance December 31, 2010 ACCOUNT Cash Accounts Receivable Supplies Furniture DEBIT $ 7,400 CREDIT 8,700 200 4,800 Accumulated Depreciation, Furniture Equipment $ 1,200 32,000 Accumulated Depreciation, Equipment 8,800 Accounts Payable 1,300 Salary Payable 3,500 Unearned Service Revenue 3,100 Common Stock 10,000 Retained Earnings 18,500 Dividends 14,000 Service Revenues 73,000 Salary Expense 31,000 Rent Expense 18,600 Depreciation Expense, Equipment 1,600 Depreciation Expense, Furniture 400 Supplies Expense 700 Total $119,400 $119,400