1.

Adjusting entries
A Unearned Revenue 3,600
Service Revenue 3,600
B Rent Expense 2,000
Prepaid Rent 2,000
C Supplies Expenses 600
Office Supplies 600
D Depreciation Expense 400
Accumulated Depreciation-Equipment 400
E Salaries Expense 180
Salaries Payable 180

3. Closing entries
Dec 31 Service Revenue 22,600
Income Summary 22,600

Dec 31 Income Summary 5,480

Salaries Expense 2,480
Rent Expensee 2,000
Deprn Expense – Eq 400
Supplies Expense 600

Dec 31 Income Summary 29,600

Owner’s Capital 29,600

Dec 31 Owner’s Capital 4,600

Owner’s Drawings 4,600

4. Post-closing TB
Debit Credit
Cash 13,560
Account Receivable 17,000
Prepaid Rent 2,000
Office Supplies 2,200
Equipment 30,000
Acc.Depr…Equip 11,400
Accounts Payable 7,200
Salaries Payable 1,620
Unearned Revenue 1,680
Billy, Capital 42,860
64,760 64,760