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

$($Click the icon to view the adjusted trial balance and income statement from the worksheet.$)$

Read the requirement.

Journalize the adjusting and closing entries of Lauer Production Company at December $31.$ There wa explanations from any journal entries.$)$

Begin with adjusting entries. First, adjust the Service Revenue account.

Journal Entry

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[,31,$Unearned Service Revenue,,$],[,,$Service Revenue,,$],[,,$Salary Expense,,$*],[,,$Salary.Payable.,,$],[,,$Rent Expense,,$]]$

Data table

$\backslash$table$[[\backslash$table$[[$Account$]],\backslash$table$[[$Unadjusted Trial$],[$Balance$]],$Adjustments,$\backslash$table$[[$Adjusted Trial$],[$Balance$]]],[$Debit$,$Credit,Debit,Credit,Debit,Credit$],[$Cash$,18,000,,,,,],[$Prepaid rent,$1,000,,,,,],[$Equipment$,45,000,,,,,],[\backslash$table$[[$Accumulated$],[$depreciation$-$equipment$]],,6,100,,,,],[$Accounts payable,,$4,300,,,,],[$Salary payable,,,,,,$],[$Unearned service revenue,,$8,900,*,t,,],[$Income tax payable,,,,,,$],[$Notes payable, long$-$term,,$15,000,,,,],[$Common stock,,$8,100,,,,],[$Retained earnings,,$15,400,,,,],[$Dividends$,1,500,,,,,],[$Service revenue,,$13,500,,,,20,900],[$Salary expense,$4,700,,,,5,00,],[$Rent exnence,$1\mathrm{.}100,,,,1\mathrm{.}8,]]$

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