Current Attempt in Progress Below is an alphabetical list of the adjusted accounts of Sandhill Tour Company at its year end, December 31, 2021. All accounts have normal balances. Accounts payable $7,320 Interest receivable $100 Accounts receivable 3,520 Interest revenue 1,100 Accumulated depreciation-equipment 15,000 Notes payable 40,000 Cash 4,500 Notes receivable 18,470 Depreciation expense 10,000 Patents 15,010 Equipment 50,000 Prepaid insurance 2,900 F. Sandhill, capital 17,310 Service revenue 65,070 F. Sandhill, drawings 33,000 Short-term investments 2,700 Insurance expense 1,500 Supplies 3,100 Interest expense 2,870 Supplies expense 2,400 Interest payable 770 Unearned revenue 3,500 F. Sandhill, drawings 33,000 Short-term investments 2,700 Insurance expense 1,500 Supplies 3,100 Interest expense 2,870 Supplies expense 2,400 Interest payable 770 Unearned revenue 3,500 Additional information: 1. In 2022, $5,000 of the notes payable becomes due. 2. The note receivable is due in 2023. 3. On July 18, 2021, Fred Sandhill invested $4,000 cash in the business. (a) Prepare closing journal entries and calculate the post-closing balance in F. Sandhill, Capital on December 31, 2021. (Credit titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for t account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Dec. 31 Service Revenue Interest Revenue Income Summary (To close revenue accounts) Dec. 31 Income Summary Interest Expense Insurance Expense 65,070 1,100 16.770 Credit 66,170 2.870 1,500 Dec. 31 Income Summary 16,770 Interest Expense Insurance Expense Supplies Expense Depreciation Expense (To close expense accounts) Dec. 31 Income Summary F. Sandhill, Capital (To close income summary) Dec. 31 F. Sandhill, Capital F. Sandhill, Drawings 49,400 33,000 2,870 1,500 2,400 10,000 49,400 33,000 F. Sandhill, Capital (To close income summary) Dec. 31 F. Sandhill, Capital F. Sandhill, Drawings (To close drawings account) F. Sandhill, Capital 33,000 49,400 33,000 Dec. 31. 2021 66,170 Dec. 31. 2021 16,770 Bal. eTextbook and Media 49,400 Bal. 49,400