closing entries for Assets Liabilities and Owners' Equity Current Assets: Current Liabilities: Cash 50,650.00 Accounts Payable 155.00 Accounts Receivable 2,975.00 Wages Payable 325.00 Office Supplies 750.00 Total Current Liabilities 480.00 Prepaid Rent 7,170.00 Long Term Liabilities: Prepaid Insurance 750.00 Notes Payable 25,000.00 Total Current Assets 62,295.00 Total Long Term Liabilities: 25,000.00 Total Liabilities: 25,480.00 Owner's Equity Owners Capital 51,565.00 Non-Current Assets: Vehicle 15,000.00 Accumulated Depreciation (250.00) Total Equity 51,565.00 Total Non Current/Fixed Assets 14,750.00 Total Assets: 77,045.00 Total Liabilities & E