Based on the following adjusted trial balance, prepare the closing entries for Dave Scott and Associates (a proprietorship) on December 31, 2019.

ABC Company

Adjusted Trial Balance

December 31, 2019

Debit Credit

Cash $13,600

Accounts receivable 2,000

Office supplies 700

Prepaid insurance 11,200

Equipment 15,600

Accum. amort.-equipment $3,900

Accounts payable 6,800

Salary payable 1,100

Unearned service revenue 800

Mike Jones, Capital 22,900

Mike Jones, Withdrawals 4,900

Service revenue 19,250

Advertising expense 1,400

Amort. expense-equipment 1,300

Supplies expense 500

Insurance expense 650

Utilities expense 2,900 ___