DIY Trailer Rental rents small trailers by the day of local moving jobs. This is its adjusted trial balance at the end of the current fiscal year: DIY Trailer Rental Adjusted Trial Balance June 30, 2021 Debit Credit Cash $692 Accounts Receivable 972 Supplies 119 Prepaid Insurance 360 Trailers 12,000 Accumulated Depreciation-Trailers $7,200 Accounts Payable 271 Wages Payable 200 Selena Perez, Capital 5,694 Selena Perez, Withdrawals 7,200 Trailer Rentals Revenue 45,546 Wages Expense 23,400 Insurance Expense 720 Supplies Expense 266 Depreciation Expense-Trailers 2,400 Other Expenses 10,782 $58,911 $58,911 Required: (1) From the information given, record closing entries. (Explanation is not required.) (2) Post the closing entries to the Income Summary and Selena Perez, Capital accounts. (Use the T account form) (3) Explain the difference between temporary and permanent accounts. (12 marks) (4 marks) (4 marks)