The adjusted trial balance for Ryan Company is given in E4.22. 

Instructions 

Prepare the closing entries for the temporary accounts at August 31. 

The following trial balances are before and after adjustment for Ryan Company at the end of its fiscal year. 

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Ryan Company Trial Balance August 31, 2022 Before After Adjustment Adjustment Cr. Dr. Cr. Dr. Cash $10,900 $10,900 9,400 Accounts Receivable 8,800 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable 2,500 4,000 16,000 500 2,500 16,000 $ 3,600 $ 4,800 5,800 5,800 1,100 1,800 10,000 Unearned Rent Revenue 800 Common Stock 10,000 Retained Earnings 5,500 5,500 Dividends 2,800 2,800 Service Revenue 34,600 34,000 12,100 Rent Revenue 13,100 Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 17,000 18,100 2,000 10,800 10,800 1,500 1,200 $72,800 $72,800 $75,700 $75,700