Using the adjusted trial balance provided for Ryan Financial Planners in problem 2 prepare the closing entries necessary to close the books as of October 31, 2022.

Ryan Financial Planner
Adjusting trial balance
October 31 2022
		Debit		Credit
Cash		3,900
Accounts Receivable		2,200
Prepaid Insurance		1,800
Equipment		16,000
Accumulated Depreciation - Equipment				4000
Accounts Payable				3800
Unearned Service Revenue				5000
Common Stock				10,000
Retained Earnings				4,400
Dividends		2000
Service Revenue				4,700
Utilities Expense		600
Depreciation Expense		2,500
Salaries Expense		2,900
		$ 31,900.00		$ 31,900.00