1. Preparing Closing Entries The following ledger balances are from the records of Joe's Cleaning Services at December 31. Account Title Balance Cash 27,660 Accounts Receivable 10,430 Prepaid Insurance 1,200 Equipment 15,710 Accumulated Depreciation 1,600 Accounts Payable 1,700 Salaries Payable 900 Joe Thomas, Capital 20,000 Joe Thomas, Drawing 80,000 Service Revenue 150,000 Depreciation Expense 800 Rent Expense 12,000 Insurance Expense 4,500 Salary Expense 21,900 A. Using the General Journal below, prepare the required closing entries in proper form. General Journal Account Title and Explanation DEBIT B. Prepare the post-closing trial balance CREDIT