Following is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at January 31, 2023:

Required
Prepare the closing entries.

Transcribed Image Text:

Accounts receivable Accumulated depreciation, equipment Cash Depreciation expense, equipment Equipment Interest income Rent expense Salaries expense Subscription revenues Trish Norris, capital Trish Norris, withdrawals Unearned subscription revenue Totals Debit Credit $ 21,400 8,900 1,700 19,400 17,900 61,400 19,800 $ 12,400 490 71,400 46,810 19,400 $150,500 $150,500