Account Title Debit Credit Cash $88,450 Accounts Receivable 331,860 Supplies 13,255 Prepaid Rent 10,500 Equipment 295,285 Accumulated Depreciation $236,760 Accounts Payable 75,555 Wages Payable 14,000 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 900,105 Interest Income 1,500 Rent Expense 64,000 Wages Expense 541,260 Supplies Expense 42,520 Utilities Expense 8,595 Depreciation Expense 156,500 Interest Expense 6.840 Totals $1.559,065 $1,559,065 Prepare the general journal entry (without explanation) needed to close the revenue(s) for the year end. Use compound entries where required. December 31, 2016 Account Title Debit Credit Cash $88,450 Accounts Receivable 331,000 Supplies 13,255 Prepaid Rent 10,500 Equipment 295,285 Accumulated Depreciation $236,760 Accounts Payable 75,555 Wages Payable 14,000 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 900,105 Interest Income 1,500 Rent Expense 64,000 Wages Expense 541,260 Supplies Expense 42,520 Depreciation Expense 165,095 Dividends 7.700 Totals $1,559,065 $1,559,065 Prepare the general journal entry (without explanation) needed to close expense(s) for the year end. Use compound entries where required. December 31, 2016 Account Title Debit Credit Cash $88,450 Accounts Receivable 330,000 Supplies 9,255 Prepaid Rent 12,000 Equipment 295,285 Accumulated Depreciation $238,760 Accounts Payable 78,555 Wages Payable 15,000 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 895,105 Interest Income 1,500 Rent Expense 64,500 Wages Expense 542,260 Supplies Expense 42,520 Depreciation Expense 167,095 Dividends 8.700 Totals $1,560,065 $1,560,065 Prepare the general journal entry (without explanation) needed to close the Income Summary account. The balance in Income Summary equals Total revenues - Total expenses (also equals Net Income or Net Loss). Account Title Debit Credit Cash $88,450 Accounts Receivable 150,000 Supplies 29,255 Stock Investment 172,000 Equipment 295,285 Accumulated Depreciation $238,760 Accounts Payable 78,555 Wages Payable 15,000 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 895,105 Interest Income 1,500 Rent Expense 64,500 Wages Expense 542,260 Supplies Expense 42,520 Depreciation Expense 167,095 Dividends 8.700 Totals $1.560.065 $1.560.065 Prepare only the Asset section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations. HINT: Stock Investments is a long-term investment, so it is a separate category of assets