(Solved): Prepare Closing Entries for the following Adjusted Trial Balance \begin{tabular}{|c|c|c|} \hline \be ...

\begin{tabular}{|c|c|c|} \hline \begin{tabular}{c} Spartan Consulting \\ 31-Jan-19 \\ Account \\ \end{tabular} & \begin{tabular}{c} Adjusted Trial Balance \\ Debit Balance \end{tabular} & Credit Balance \\ \hline Accounts Payable & & 133000 \\ \hline \begin{tabular}{|l|} Accounts Receivable \\ \end{tabular} & 12000 & \\ \hline Accumulated Depreciation Automobile & & 500 \\ \hline Accumulated Depreciation Computers & & 125 \\ \hline Accumulated Depreciation Equipment & & 5000 \\ \hline Allowance for Doubtful Accounts & & 120 \\ \hline Automobile & 30000 & \\ \hline Bad Debt Expense & 120 & \\ \hline Cash & 271500 & \\ \hline Computers & 8000 & \\ \hline Depreciation Expense & 5625 & \\ \hline Dulow Capital & & 500000 \\ \hline Equipment & 120000 & \\ \hline Income Tax Expense & 14200 & \\ \hline Insurance Expense & 100 & \\ \hline Interest Expense & 1000 & \\ \hline Interest Payble & & 1000 \\ \hline Investment-Common Stock & 210000 & \\ \hline Note Receivable & 150000 & \\ \hline Notes Payble & & 100000 \\ \hline Prepaid Insurance & 1100 & \\ \hline Rent Expense & 15000 & \\ \hline Service Revenue & & 101500 \\ \hline Supplies & 10000 & \\ \hline Supplies Expense & 15000 & \\ \hline Taxes Payable & & 14200 \\ \hline Unearned Revenue & & 22500 \\ \hline Utilities Expense & 6900 & \\ \hline \begin{tabular}{|l|} Wages Expense \\ \end{tabular} & 6900 & \\ \hline Withdrawals & 500 & \\ \hline \end{tabular}