104 126 149 167 168 173 174 183 193 201 203 233 251 301 302 401 406 606 612 623 633 637 652 688 690 Short-term investments Supplies Notes receivable Equipment Accumulated depreciation, equipment Building Accumulated depreciation, building Land Franchise Accounts payable Interest payable Unearned professional revenue Long-term notes payable Amar Lloyd, capital Amar Lloyd, withdrawals Professional revenue Rent revenue Depreciation expense, building Depreciation expense, equipment Wages expense Interest expense Insurance expense Supplies expense Telephone expense Utilities expense Totals 21,600 8,200 45,000 84,000 $ 41,000 266,000 144,000 89,000 34,000 17,600 130 27,600 138,000 97,460 3,600 212,480 29,000 20,600 8,600 64,600 670 18,600 13,400 5,000 7,800 $707,270 $707,270 An analysis of other information reveals that Lloyd Construction is required to make a $51,000 payment on the long-term notes payable during 2021. The notes receivable are due May 1, 2022. Also, Amar Lloyd invested $81,000 cash early in 2020. 26:00 Required: Prepare the closing entries made at the end of the year. View transaction list Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Prey 1 of 8 Next > 10:06 PM