ABC Company prepares adjusting entries on a monthly basis and closes the accounts at the end of each fiscal year (December 31). The following is the adjusted trial balance of ABC Company prepared as of December 31: ABC Company Adjusted Trial Balance December 31 Debit Credit Cash $32,000 Accounts receivable 9,600 Unexpired insurance 2,600 Equipment 24,000 Accumulated Depreciation Equipment $ 500 Unearned service revenue 6,000 Accounts payable 12000 Capital stock 43,000 Dividend 500 Service revenue 16.200 Wages expense 8,000 Insurance Expense 1.000 377,700 977,700 Tote Which of the flowing conceding the closing ente? ABC Company prepares adjusting entries on a monthly basis and closes the accounts at the end of each fiscal year (December 31). The following is the adjusted trial balance of ABC Company prepared as of December 31: ABC Company Adjusted Trial Balance December 31 Debit Credit Cash $32,000 Accounts receivable 9,600 Unexpired insurance 2,600 Equipment 24,000 Accumulated Depreciation Equipment $ 500 Unearned service revenue 6,000 Accounts payable 12000 Capital stock 43,000 Dividend 500 Service revenue 16.200 Wages expense 8,000 Insurance Expense 1.000 377,700 977,700 Tote Which of the flowing conceding the closing ente