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end of its fiscal year. PREPARE THE FOUR CLOSING ENTRIES FOR THE ELEANOR DESIGN COMPANY AT DEC 31, 2019. USE GOOD FORM PROBLEM #4 (7

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end of its fiscal year. PREPARE THE FOUR CLOSING ENTRIES FOR THE ELEANOR DESIGN COMPANY AT DEC 31, 2019. USE GOOD FORM PROBLEM #4 (7 Points Each; 28 Points) The following Adjusted Trial Balance contains accounts and balances for the Eleanor Design Company as of December 31,2 Eleanor Design Company Adjusted Trial Balance At December 31, 2019 Account Credit Debit Number Account Name $31,000 51,000 15,000 12,000 12000 54,000 1101 Cash 1115 Accounts Receivable 1126 Supplies 1128 Prepaid Insurance 1167 Equipment 1168 Accumulated Depreciation 2001 Accounts Payable 2101 Notes Payable 3001 E. Marion, Capital 3101 E. Marion, Withdrawal 4001 Service Revenue-Design Services 6102 Depreciation Expense 6202 Salary Expense 6203 Insurance Expense 6401 Rent Expense 6501 Supplies Expense 6701 Electric Expense $18,000 41,000 100 11,000 98,000 24,000 105,000 6,000 38,000 9,000 18,000 8,000 7,000 --- t- $273,000 $273,000 S: CREDIT ACCOUNT NAME DEBIT Servi'ce Reveree $10s000 Summer tat3eoa f2fief

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