ACTIVITY II Below is a list of accounts of Memorable Events owned by Mulan. Prepare the closing entries for year ended December 31,2018. Consultancy Fees Accounts Receivable Notes Receivable Salaries and Wages Rent Expense Utilities Expense Supplies Expense Interest Expense M., Capital M, Drawing P828,000 72,000 39,200 158,400 288,000 139,968 54,980 28,800 560,000 104,000