AYAYAI CLEANERS Balance Sheet March 31, 2022 Assets Current Assets Cash 4.980 Accounts Receivable 4,820 Supplies 210 Prepaid Rent 800 Prepaid Insurance 1,500 Total Current Assets 12,310 Property. Plant and Equipment Equipment 5,900 Less : Accumulated Depreciation Equipment 190 5,710 Total Assets 18,020 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 1.110 Salaries and Wages Payable 800 Interest Payable 21 Total Current Liabilities $ 6,131 Stockholders' Equity Common Stock 11,100 Retained Earnings 789 Total Stockholders' Equity 11,889 Total Liabilities and Stockholders' Equity $ 18,020 Journalize and post closing entries and complete the closing process. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) Date Account Titles and Explanation Debit Credit Mar. 31 (To close revenue account) Mar. 31 Mar. 31 (To close dividends to retained earnings) Cash 31 11,100 3/1 5,900 3/1 4,200 3/2 1.200 3/22 1.160 3/3 1,800 3/18 370 3220 1,300 3/31 260 3:31 670 4.980 3/31 Bal Depreciation Expense 3/31 190 Insurance Expense 3/31 - Salaries and Wages Expense 3/20 1300 100 3/31 Accounts Receivable 3:14 2,740 3/21 1,180 3:28 3,110 3/31 150 3:31 Bal 2,820 Supplies 3:6 1,4803/31 1.270 3:31 Bal 210 Prepaid Rent 3/2 1.200 331 400 3/31 Bal. 300 Prepaid Insurance 3,3 1,800 31/31 200 3131 Bal 1.500 Equipment 3/1 5.900 3/31 Bal 5.900 Accumulated Depreciatian-Equipment 3/31 120 3/31 Bal. 190 Notes Payable 3/1 4,200 3/31 Bal 4.200 Accounts Payable 3.1A 370 3/6 1,490 3/31 Bal. 1.110 Salaries and Wagns Payable 3/31 800 3/31 Bal 200 Interest Payable 3/31 21 3:31 Bal 21 Common Stack 3/1 11,100 3/21 Bal 11,100 Retained Eamings Dividends 3:31 670 Income Summary Service Revenue 3714 2,740 3/26 3,110 3/31 150 Maintenance and Repairs Expense 3/31 260 Supplies Expense 3/31 1.270 Rent Expense 3/31 400 Interest Expense 3:31