The unadjusted trial balance and income statement amounts from the December 31 adjusted trial balance of Lauer Production Company follow:

Requirement
1. Journalize the adjusting and closing entries of Lauer Production Company at December 31. There was only one adjustment to Service Revenue.

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A1 Lauer Production Company Adjusted Trial Balance Unadjusted Trial Balance Adjustments 2 Account 3 Cash 4 Prepaid rent 5 Equipment 6 Accumulated depreciation-equipment 7 Accounts payable 8 Salary payable 9 Unearned service revenue 10 Income tax payable 11 Notes payable, long-term 12 Common stock 13 Retained earnings 14 Dividends 15 Service revenue 16 Salary expense 17 Rent expense 18 Depreciation expense-equipment 19 Income tax expense 20 Total 21 18,000 1,000 45,000 6,100 4,300 8,900 15,000 8,100 15,400 1,500 20,900 13,500 5,000 1,800 950 1,400 9,150 4,700 1,100 71,300 71,300 20,900