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

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

Transcribed Image Text:

Draper Production Company Unadjusted Trial Balance From the Adjusted Trial Balance Account 14,800 1,000 44,000 Prepaid rent. Accumulated depreciation. 3,100 Accounts payable. . Salary payable Unearned service revenue Income tax payable Notes payable, long-term Commons Retained earnings Dividends Service revenu Salary expense Rent expense Depreciation expense Income tax expense Total 9,300 13,000 8,500 14,100 1,300 13,600 20,100 4,600 1,000 1,300 1,000 7.800 20,100 66,700 66,700