Please show calculation. Thank You
The ledger of Cranston Corporation has the following accountbalances at the company's first year end of October 31, 2018.
| Accounts payable | $ 3,210 | | Prepaid rent | $ 3,070 |
| Accounts receivable | 4,810 | | Rent expense | 730 |
| Accumulated depreciation | 5,250 | | Salaries expense | 7,060 |
| Bank loan payable | 7,300 | | Salaries payable | 1,310 |
| Cash | 17,160 | | Service revenue | 13,730 |
| Common shares | 22,300 | | Supplies | 2,400 |
| Depreciation expense | 1,750 | | Supplies expense | 630 |
| Dividends declared | 420 | | Unearned revenue | 3,020 |
| Equipment | 17,500 | | Utilities expense | 500 |
| Interest expense | 300 | | | |
| Interest payable | 210 | | | |
Prepare the closing entries at October 31, 2018.
