1. Prepare closing entries. Focus Package Delivery Adjusted Trial Balance December 31 Credit Debit 18,200 34,200 2,100 25,000 45,000 11,080 16,000 Cash Accounts receivable Supplies..... Long-term investments Delivery equipment Accumulated depreciation - Delivery equipment. Intangible assets Accounts payable Wages payable Long-term notes payable K. Ferman Capital K. Ferman, Withdrawals Delivery fees earned Rent expense Wages expense Supplies expense. Depreciation expense-Delivery equipment Interest expense Utilities expense Totals 16,200 4,120 20,000 40,400 15,000 145,000 8,000 62,000 2,500 4,050 1,000 3.750 236,800 236,800 Prepare closing entries, ACOSTA CO. Adjusted Trial Balance December 31, 2014 $ 100,000 7,000 15,000 9,000 3,300 8,000 $ 3,200 350,000 42,000 700,000 Cash Accounts receivable. Prepaid rent Prepaid Insurance Office supplies Office equipment Accumulated depreciation Equipment Building Accumulated depreciation-Building Land Accounts payable Salaries payable. Interest payable. Long-term note payable. Margarita Acosta, Capital Margarita Acosta, Withdrawals Service fees eamed Salaries expense. Insurance expense. Rent expense. Depreciation expense Equipment. Depreciation expense Building Totals 5,800 14,500 2,500 52,000 1,010,000 200,500 370,800 90,000 5,200 5,000 800 7.000 $1.500.800 $1,500,800