Following are elected accounts and their balances for a company after the adjustments as of May 31, the end of its fiscal year. (All accounts have normal balances.) J. Mark, Capital ................. $30,000 J. Mark, Withdrawals....................6,000 Fees earned............................................20,000 Salaries expense................................7,000 Insurance expense............................350 Utilities expense................................75 Supplies expense..............................500 Supplies payable................................400 Salaries payable..................................300 Depreciation expense....................425 Prepare all the necessary closing entries for this company