A. CLOSING ENTRIES: The Adjusted Trial Balance for Extra CreditLab Corp. is shown below. Select the appropriate information and journalize the CLONING ENTRIES in good form for the Year ending December 31, 2020. The space for the Closing Entries is on the next page. Land Extra Credit Lab Corp Adjusted Trial Balance December 31, 2020 Account Title Balance Debit Credit Cash $1,500 Prepaid Insurance 2.100 Prepaid Rent 42.000 80,000 Equipment 120,000 Accumulated Depreciation - Equipment $27,000 Accounts Payable 4,500 Utilities Payable 3,500 Bonds Payable 10,000 Common Stock 50,000 Paid in Capital in Excess of Par - Common 75,000 Retained Earnings 21,000 Dividends 6,400 Service Revenue 115,000 Insurance Expense 28,000 Rent Expense 1.000 Depreciation Expense Computers 3,000 Salaries Expense 4,000 Utilities Expense 18,000 $306,000 $306,000 Total Date Accounts DR CR Dec. 31 Dec. 31 Dec. 31 Dec. 31