12. ABC Company ended its financial year on December 31, 2020. The company's adjusted trial balance as of the end of its financial year is as shown below. ABC COMPANY Adjusted Trial Balance December 31, 2020 Details Accumulated depreciation Accounts Payable Unearned rent Revenue Owner's Capital Service Revenue Rent revenue Debits Credits 540 280 120 3,170 4,240 Owner's Drawings Cash Accounts receivable Equipment 1,200 1,090 620 1,060 610. Depreciation Expense 270 Salaries and Wages Expense 3,710 Utility expense 1,010 8,960 8,960 Required: (a) Prepare the closing entries using a general journal. (b) Post to Owner's Capital and Income Summary account. (c) Prepare a post-closing trial Balance at December 31,2020. (15 Marks) (15 Marks) (10 Marks) (Total 40 Marks)