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

Requirement

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

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A1 Crawford Production Company 1 Unadjusted Trial Balance 15,000 1,000 42,000 Adjusted 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 6,700 4,000 8,600 11,000 8,300 13,000 1,000 13,300 18,300 4,200 1,700 4,800 2,100 900 1,800 $ 9,600 $ 18,300 $ 64,900 $ 64,900