Problem $4-4$A $($Algo$)$ Preparing financial statements and closing entries LO C$1,$ P$2$

The adjusted trial balance for Tybalt Construction on December $31$ of the current year follows.

TYBALT CONSTRUCTION

Adjusted Trial Balance December $31$

$\backslash$table$[[$Number$,$Account Title,Debit,Credit$],[101,$Cash,$$8,000,],[126,$Supplies,$31,200,],[128,$Prepaid insurance,$7,700,],[167,$Equipment,$50,000,],[168,$Accumulated depreciation$-$Equipment,,$$25,000$