The adjusted trial balance for Greg Painting Company at December 31, 2011, is provided below. The owner made no investments during the period.

Required
Prepare in journal from the required closingentries.

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Greg Palnting Company Adjusted Trial Balance December 31, 2011 Cash Accounts Receivable Prepaid Insurance Prepaid Rent Painting Supplies Painting Equipment Accumulated Depreciation-Painting Equipment Truck Accumulated Depreciation-Truck Accounts Payable Wages Payable Unearned Painting Revenue G Rak, Capital G. Rak, Withdrawals Painting Revenue Wages Expense Rent Expense Gas, Oil and Other Truck Expenses Insurance Expense Supplies Expense Depreciation Expense-Painting Equipment Depreciation Expense-Truck 4,750 2,592 380 152 3,875 S 320 7,200 420 1,690 15,034 2,000 14,620 5,680 1.350 380 2.920 320 720 533,099 $33,099