The unadjusted trial balance and income statement amounts form the December 31 adjusted trial balance of Winwood Production Company follow.

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

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Winwood Production Company Unadjusted Trial Balance 13,300 1,600 45,000 From the Adjusted Trial Balance Account Cash Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Salary payable Unearned service revenue Income tax payable Notes payable, long-term Common stock Retained earnings Dividends Service revenue Salary expense Rent expense Depreciation expenseequipment ncome tax expense Total 3.300 4,900 9,200 16,000 8,400 11,400 1300 13,600 19,900 ,500 1,100 5,200 1,900 400 1200 8,700 19,900 66,800 66,800