FMGL D. CLOSING JOURNAL ENTRIES (14 Marks) Based on the following adjusted trial balang Scott Lee and Associates (a proprietors descriptions of each closing journal entry. (12 marks balance, on the next pageprepare the closing journal entries for Prietorship) on December 31, 2019. Please include the appropriate Scott Lee and Associates Adjusted Trial Balance December 31, 2019 Credit Debit $13,600 2,000 700 1,200 15,600 Cash Accounts receivable Office supplies Prepaid insurance Equipment AccumulatedDepreciation, Equipment Accounts payable Salary payable Unearned service revenue Scott Lee, capital Scott Lee, drawings Service revenue Advertising expense Depreciation expense Supplies expense Insurance expense Utilities expense $3,900 6,800 1,100 800 22,900 4,900 9,250 1,400 1,300 500 650 2,900 Total $44,750 $44,750