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Journalize and post the closing entries and complete the closing process.

Here is also the adjusted trial balance.

Date Account Titles and Explanation Debit Credit Mar. 31 Service Revenue Income Summary (To close revenue account) Mar. 31 Income Summary Maintenance and Repairs Expense Depreciation Expense Insurance Expense Supplies Expense Salaries and Wages Expense Rent Expense Interest Expense (To close expense accounts) Mar. 31 Income Summary 2207 Retained Earnings (To close net income to retained earnings) Mar. 31 Retained Earnings 1010 Dividends (To close dividends to retained earnings) \begin{tabular}{cc|cc} \multicolumn{5}{c}{ Cash } & 9,000 \\ \hline 3/1 & 16,800 & 3/1 & 1,800 \\ 3/1 & 6,600 & 3/2 & 2,700 \\ 3/21 & 1,790 & 3/3 & 560 \\ & & 3/18 & 1,960 \\ & & 3/20 & 390 \\ & & 3/31 & 1,010 \\ \hline 3/31 Bal. & & 3/31 & \end{tabular} Accounts Receivable \begin{tabular}{lr|lr} \hline 3/14 & 4,140 & 3/21 & 1,790 \\ 3/28 & 4,700 & \\ 3/31 & 220 & \\ \hline 3/31 Bal. & 7,270 & \end{tabular} Supplies 3/6 \begin{tabular}{r|ll} 2,240 & 3/31 & 1,930 \\ \hline 310 & \end{tabular} Prepaid Rent \begin{tabular}{ll|ll} 3/2 & 1,800 & 3/31 & 600 \\ \hline 3/31Bal. & 1,200 & & \end{tabular} Prepaid Insurance \begin{tabular}{ll|ll} 3/3 & 2,700 & 3/31 & 450 \\ \hline 3/31 Bal. & 2,250 & & \end{tabular} Equipment 3/1 9,000 3/31 Bal. 9,000 Accumulated Depreciation-Equipment \begin{tabular}{l|lr} \hline & 3/31 & 280 \\ \hline & 3/31 Bal. \\ \hline & \end{tabular} \begin{tabular}{rl|lc} \multicolumn{5}{c}{ Accounts Payable } \\ \hline 3/18 & 560 & 3/6 & 2,240 \\ \hline & & 3/31 Bal. & 1,680 \end{tabular} Salaries and Wages Payable \begin{tabular}{l|ll} \hline & 3/31 & 1,210 \\ \hline & 3/31Bal. & 1,210 \end{tabular} Interest Payable \begin{tabular}{l|l} 3/31 & 33 \\ \hline 3/31 Bal & 33 \end{tabular} Common Stock \begin{tabular}{l|ll} \hline & 3/1 & 16,800 \\ \hline & 3/31Bal & 16,800 \end{tabular} Retained Earnings 3/31v 1010 3/31 2207 3/31 Bal. 1197 Dividends 3/31 1,010 3/31 1010 Income Summary Service Revenue \begin{tabular}{|l|l|lr|r} \hline 3/31 & 9060 & 3/14 & 4,140 \\ \hline \end{tabular} Maintenance and Repairs Expense Supplies Expense Depreciation Expense \begin{tabular}{ll|l|} \hline 3/31 & 280 & \\ \hline & \\ \hline \end{tabular} Insurance Expense Salaries and Wages Expense 3/20 1,960\begin{tabular}{|c|c|} \hline 3/31 & v \\ \hline \end{tabular} 3170 Salaries and Wages Expense 3/201,9603/31 Rent Expense Interest Expense 33 Dennarann adiustad trial halanea Accounts Payable Salaries and Wages Payable Interest Payable Common Stock Dividends Service Revenue Maintenance and Repairs Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 3170 Rent Expense 600 Interest Expense Totals $35663$35663

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