Exercise 1 Below is the adjusted trial balance of Randall Software Repair at the end of November of the current year: Debit Credit $12,000 4,000 9,000 21,000 Cash Accounts receivable Prepaid rent Vehicle Accumulated depreciation - vehicle Accounts payable Uncanned service revenue Wages payable C. Randall, Capital C. Randall Drawings Service revenue Depreciation expense Insurance expense Rent expense Wages expense Supplies expense SI 250 12.000 7.000 4.500 9.000 1.200 1 18.500 400 700 1.200 2,000 750 S52.250 552.250 1. Prepare closing entries for the end of November using a general journal 2. What is the balance in the capital account after preparing the closing entries 3. Prepare a post closing trial balance