The following adjusted trial balance contains the accounts and balances of Stilz Co. as of December 31, 2014, the end of its fiscal year:

Required
Prepare the closing entries for the company.

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No Title Debit Credit 10 Cash 126 Supplies 128 Prepaid nsurance 167 Equipment 36,000 4,000 6,500 46,000 $13,000 110,100 301 302 404 612 622 637 640 652 Nick Stilz, capital Nick Stilz, withdrawals Services revenue Depreciation expense, equipment Salaries expense Insurance expense Rent expense Supplies expense Totals 43,000 131,000 4,000 42,000 3,000 61,000 8,600 $254,100 $254,100