Problem - At March 31, account balances after adjustments for Vizzini Cinema are as follows:

Accounts                                                            Account Balances (After Adjustment)

Cash                                                                    $  11,000

Supplies                                                               4,000

Equipment                                                            50,000

Accumulated Depreciation-Equipment                     12,000

Accounts Payable                                                  5,000

Owner's, Capital                                                   20,000

Owner's, Drawings                                                12,000

Ticket Revenue                                                     65,000

Service Revenue                                                   53,000

Advertising Expense                                              18,000

Supplies Expense                                                  19,000

Depreciation Expense                                            4,000

Rent Expense                                                       28,000

Salaries and Wages Expense                                 24,000

Utilities Expense                                                   5,000

Instructions - Prepare the closing journal entries for Vizzini Cinema.