Boxboro Auto Repair had the following account balances after adjustments. Assume all accounts had normal balances. (Click the icon to view the account balances.) Prepare the closing entries for Boxboro at December 31. NIEM Prepare the closing entries for Boxboro at December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table ) First we will close the Service Revenue account. $ 4.000 Cash Accounts Receivable Boxboro Capital $ 34,400 Boxboro, Withdrawals 1.800 3,500 Prepaid Rent 1,500 2.700 Service Revenue Depreciation Expense -Equipment Office Supplies 3.100 400 Office Supplies 3.100 Depreciation Expense -Equipment Salaries Expense 400 34.900 700 Equipment Accumulated Depreciation Equipment 2000 Rent Expense 1.300 34,900 Expense