Below is the adjusted trial balance for ABC Legal Services for the period ended December 31, 20**.

Using the trial balance provided, prepare the closing entries for December 31, 20**.

ABC Legal Services Adjusted Trial Balance December 31, 20** Account Titles Dr. Cr. General Bank Account 13,000 Trust Bank Account 35,000 Accounts Receivable 20,250 Prepaid Insurance 700 Prepaid Expense (Rent) 700 Office Supplies 150 Computer Equipment (Hardware) 4,750 Depreciation Computer Equipment 950 Accounts Payable/General Liabilities 2,025 Personal Loan 6,000 Credit Card Debt 4,500 Trust Funds Owed 35,000 ABC Capital 17,165 ABC Drawing 5,000 Fees Earned 23,000 Expense Recovery 750 Salaries Expense 10 ADU Diawmy J,UUU Fees Earned 23,000 Expense Recovery 750 Salaries Expense 1,700 Depreciation Expense 950 Insurance - Professional Liability 2,500 Membership/Professional Dues 200 Office Supplies/General Expenses 500 Rent Expense 1,800 Telephone Expense 190 Totals 89,390 89,390 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U Paragraph M Arial 14px TIL