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The adjusted trial balance of Silver Sign Company follows: (Click the icon to view...

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Question

Accounting

The adjusted trial balance of Silver Sign Company follows:
(Click the icon to view the adjusted trial balance.)
Requirements
Assume Silver Sign Company has a January 31 year-end. Journalize Silver's closing entries at J
How much net income or net loss did Silver Sign Company earn for the year ended January 31?
Close the Income Summary account.
\table[[Date,Accounts and Explanation,Debit,Credit],[Jan.31,,,],[,,,],[,,,]]
1
11
IT
ro
x
7/1524, &16 PM
$=
Silver Sign Company Adjusted Trial Balance January 31,2024
Account Title
Belance
Debit
Credit
Cash
15,000
ottice Supplies
Prepaid Rent
1,200
1,100
Equipment
Accumulated Depreciation-Equipment
Accounts Payable
46,000
Salaries Payable
Unearned Revenue
Notes Payable (long-term)
aammon stock
tenguthas
Service Revenue
Salaries Expense
Rent Expense
Depreciation Expense-Equipment
Supplies Expense
Utillities Expense
Total
$69,900

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