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how would i prepare closing entries using this information Accounts Debit Credit Cash 37,700 Prepaid Insurance 4,400 Supplies 250 Equipment 7,800 Accounts Payable 7,650 Common

how would i prepare closing entries using this information

Accounts Debit Credit
Cash 37,700
Prepaid Insurance 4,400
Supplies 250
Equipment 7,800
Accounts Payable 7,650
Common Stock 40,000
Dividends 1,100
Tax Preperation Revenue 8,900
Rent Expense 3,600
Salary Expense
Electricity Bill 500
Telephone Bill 300
Income tax expense 95
Supplies 200
Income taxes payable 95
Depreciation Expenses 160
Repair Expenses 300
Insurance expenses 400
Accumulated Depreciation 160
Total 56,805 56,805

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