(a) Journalize the two closing entries (remember that not all accounts should be closed). State your date and the narratives. (12 pts) (b) Calculate C. Hughes updated capital after closing. (4 pts) The following is the adjusted trial balance as of December 31, 2017 of J's Massage Center: Accounts Debit Credit Cash $18,000 Accounts Receivable 30,000 Prepaid Insurance 9,000 Office Supplies 3,200 Building 253,000 Accumulated Depreciation-Building $20,500 Land 45,000 Accounts Payable 12,000 Salaries Payable 2,000 Unearned Revenue 25,000 C. Hughes, Capital 21,290 C. Hughes, Drawings 25,840 Service Revenue 425,000 Salaries Expense 63,000 Depreciation Expense 6,250 Supplies Expense 15,000 Insurance Expense 14,500 Utilities Expense 23,000 Total $505,790 $505,790