Question - The unadjusted trial balance and income statement amounts from the December 31 adjusted trial balance of Draper Production Company follow.

Draper Production Company

Account Unadjusted Trial Balance From the AdjustedTrial Balance

Cash 14,800

Prepaid rent 1,000

Equipment 44,000

Accumulated depreciation 3,100

Accounts payable 5,100

Salary payable

Unearned service revenue 9,300

Income tax payable

Notes payable, long-term 13,000

Common stock 8,500

Retained earnings 14,100

Dividends 1,300

Service revenue 13,600 20,100

Salary expense 4,600 5,100 

Rent expense 1,000 1,300 

Depreciation expense 400 

Income tax expense 1,000 

Total 66,700 66,700 7,800 20,100

Requirement - Journalize the adjusting and closing entries of Draper Production Company at December 31. There was only one adjustment to Service Revenue.