The adjusted trial balance shown below is for Rich Company at the end of its fis

Question

The adjusted trial balance shown below is for Rich Company at the end of its fiscal year.

Rich Company

Trial Balance

March 31, 2011

Cash                              $12,900

Accounts Receivable                    9,400

Office Supplies                     700

Prepaid Insurance             2,500

Office Equipment                         16,000

Accum. Depr: office Equipment                                          $4,800

Accounts Payable                                                   5,800

Salaries Payable                                                    1,100

Unearned rent revenue                                             600

Common stock                                                     10,000

Retained                                                                 5,600

Dividends                       3,800

Service revenue                                                    39,600

Rent revenue                                                                       14,400

Salaries expense             20,100

Office supplies expense 1,800

Rent expense                               12,000

insurance expense          1,500

depreciation expense       1,200

                                             $81,900                             $81,900

Prepare the closing entries at March 31

NOTE:

Temporary accounts include:

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