The unadjusted trial balance and income statement amounts from the December 31 adjusted trial balance of Draper Production Company follow:

Requirement
1. Journalize the adjusting and closing entries of Draper Production Company at December31. There was only one adjustment to service Revenue.

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Draper Production Company Unadjusted Trial Balance From the Adjusted Trial Balance Account Cash... Prepaid rent. Equipment Accumulated depreciation Accounts payable.. Salary payale.... Unearned service revenue Income tax payabl. Notes payable, long-term Common stock Retained carnings Dividends Service revenue Salary expens. Rent expense.. Depreciation expense Income tax expense.. ..14,800 1,000 ....44,000 3,100 5,100 9,300 13,000 8,500 14,100 1,300 13,600 20,100 .4,600 1,000 5,100 1,300 400 1,000 7,800 20,100 Toal 66,700 66,700 66,700