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. Details Accumulated depreciation Accounts Payable Unearned rent Revenue Owner's Capital Service Revenue Rent revenue Owner's Drawings Cash Accounts receivable Equipment Depreciation Expense Salaries and Wages Expense Utility expense ABC COMPANY Adjusted Trial Balance December 31, 2020 Debits 1,200 1,090 620 1,060 270 3,710 1.010 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. Credits 540 280 120 3,170 4,240 610. 8.960 (15 Marks) (15 Marks) (10 Marks) (Total 40 Marks)