An alphabetical list of the adjusted account balances (all accounts have normal balances) at August 31, 2024, for Alpine Bowling Lanes is as follows:

Instructions
Prepare the closing entries at August 31, 2024.

Transcribed Image Text:

Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Depreciation expense Equipment Insurance expense Interest expense $ 8,200 10,980 18,600 17,940 9,300 83,545 4,100 1,500 Notes payable Prepaid insurance Service revenue Supplies Supplies expense T. Williams, capital T. Williams, drawings Unearned revenue $25,000 820 35,900 740 7,845 66,590 18,500 980