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Homework: HW Ch4 Score: 0 of 19 pts 2 of 5 (0 complete) E4-19 (similar to) The adjusted trial balance of Summers Sign Company follows: 2 Click the icon to view the adjusted trial balance.) Requirements 1. Assume Summers Sign Company has a January 31 year end. Journalize Summers' closing entries at January 31. 2. How much net income or net loss did Summers earn for the year ended January 31? How can you tell? Requirement 1. Assume Summers Sign Company has a January 31 year end. Journalize Summers' closing entries at January 31. (Record debits first, then credits. Explanations will appear on the last line of the journal entry table.) First, we will close the Service Revenue account Date Accounts and Explanation Debit Credit Jan. 31 Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining 1 Clear All i - X Data Table Summers Sign Company Adjusted Trial Balance January 31, 2014 Balance Account Title Debit Credit Cash $ 15,100 Office Supplies 2,600 Prepaid Rent 1,100 Equipment 57,000 Accumulated DepreciationEquipment $ 5,100 Accounts Payable 4,600 Salaries Payable 700 Unearned Revenue 4,100 Notes Payable, (long-term) 4,700 Summers, Capital 46,200 Summers, Withdrawals 1,100 Service Revenue 18,000 Salaries Expense 3,400 Rent Expense 1,700 Depreciation Expense-Equipment 300 Supplies Expense 400 Utilities Expense 700 Total $ 83,400 $ 83,400 Print Done

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