Shvan electronics Inc. for software services

WORKSHEET $($$$)$

At the end of the financial year $2019,$ the following events are needed to be considered:

Shvan's equipment depreciation is $$1,100$ for the year. $($Depreciation Expensed$)$

An inventory count on Dec. $31$ reveals that $$4,320$ of supplies is still on hand. $($Supplies Used$)$

The rent $($ $$1,000$ per month$)$ is prepaid for $2019,2020$ and $2021.($Prepaid rent expensed$)$

$$150$ interest is payable on notes payable by the end of $2019.($Interest Accrued$)$

$75\%$ of unearned revenue is earned during $2019.($Service Revenue Recognized$)$

Requirements:

Record the adjusting entries at the end of accounting year $2019.$

Record closing entries.

Prepare a worksheet.