Exercise 236 -b (Part Level submission) Gwynn Company has an accounting fiscal year which ends on June 30. The company also has a polley of paying the weekly payroll on Friday. Payroll records indicate the following setary costs were incurred. Tuesday Date Monday June 28 June 20 Wednesday June 30 Thursday July 1 Friday July 2 Amount $3,000 3,000 3.300 3,500 2.400 Prepare any necessary adjusting journal entries that should be made at year end on June 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit June Exercise 195 a Presented below is an adjusted trial balance for Shawn Company, at December 31, 2020. Cash $ 7,700 Accounts payable $10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation Equipment 14,000 Equipment 35,000 Service revenue 29,000 Depreciation expense 7,000 Owner's capital 24,000 Owner's Drawings 1,500 Unearned service revenue 16,000 Advertising expense 1,400 Rent expense 800 Salaries and wages expense 12,000 Insurance expense 1,600 $102,000 $102,000 Prepare closing entries for December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account.) 31 (To close revenue account.) 31 (To close expense accounts) 31 (To close net income to capital) (To cose drawings to capital) SHOW LIST OF ACCOUNTS LINK TO TEXT Determine the balance in the Owner's Capital account after the entries have been posted, Balance in owner's capital Click if you would like to Show Work for this questioni Open Show Work Determine the balance in the Owner's Capital account after the entries have been posted. Balance in owner's capital Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS