Shown below is the adjusted trial balance of Nelson Bros. Company at December 31, 20 the...

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Shown below is the adjusted trial balance of Nelson Bros. Company at December 31, 20 the end of the fiscal year. Please: (1) Prepare the closing journal entries in the space provided below, and (2) Post the entries to the general ledger on the next page. Trial Balance, 12/31/20 DR CR Cash 8,734 Service revenue receivable 345 Prepaid insurance Equipment Accumulated depreciation - equipment Income taxes payable 570 96,870 16,670 3,879 Unearned service revenue 6,500 74,170 14,000 Common stock Retained earnings, January 1, Y9 Service revenue Salary expense Depreciation expense Insurance expense Income tax expense Dividends 54,235 45,000 6,200 240 4,195 7,300 Total 169,454 169,454 General Journal DR CR Cash Serv rev receivable Prepaid ins Equipment Accum dep'n Inc tax pay Common stock Retained earnings Service revenue Salary exp Dep'n exp Insurance exp Income tax exp Dividends Unearned rev Income Summary Shown below is the adjusted trial balance of Nelson Bros. Company at December 31, 20 the end of the fiscal year. Please: (1) Prepare the closing journal entries in the space provided below, and (2) Post the entries to the general ledger on the next page. Trial Balance, 12/31/20 DR CR Cash 8,734 Service revenue receivable 345 Prepaid insurance Equipment Accumulated depreciation - equipment Income taxes payable 570 96,870 16,670 3,879 Unearned service revenue 6,500 74,170 14,000 Common stock Retained earnings, January 1, Y9 Service revenue Salary expense Depreciation expense Insurance expense Income tax expense Dividends 54,235 45,000 6,200 240 4,195 7,300 Total 169,454 169,454 General Journal DR CR Cash Serv rev receivable Prepaid ins Equipment Accum dep'n Inc tax pay Common stock Retained earnings Service revenue Salary exp Dep'n exp Insurance exp Income tax exp Dividends Unearned rev Income Summary

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my aswers are as follows Verified Closing Enties Journal Sl Account title Debit Credit Dec 31 Ser... View the full answer