From the following selected accounts of Pikasso Party Planning at June 30, 2008, prepare the entity's closing entries :

Prepare a T-account for Pablo Pikasso, Capital. What is Pikasso's ending capital balance at June 30, 2008? 

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Accounts receivable Depreciation expense Rent expense Pablo Pikasso, withdrawals Supplies $14,000 Pablo Pikasso, capital $21,600 10,200 Service revenue 89,000 5,900 Unearned revenues 1,300 12,500 3,900 40,000 Salary expense 1,400 Supplies expense