i need a closing entry ASAAAP PLEZZZ

Question 14 of 18 View Policies Current Attempt in Progress The following trial balance was taken from the books of Cullumber Corporation on December 31, 2020. Account Credit Cash Debit $7,900 40,000 11,200 $1.920 Accounts Receivable Notes Receivable Allowance for Doubtful Accounts Inventory Prepaid Insurance Equipment Accumulated Depreciation--Equip. Accounts Payable Common Stock Retained Earnings Sales Revenue 36,000 4,260 104,000 14,700 10,500 46,900 60,640 CO Question 14 of 18 IU,JUU 46,900 60,640 ACCUUNS Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Salaries and Wages Expense Rent Expense Totals 259,000 124,500 52,700 13,100 $393,660 $393,660 At year end, the following items have not yet been recorded. a. b. C. Insurance expired during the year, $2,310. Estimated bad debts, 2% of gross sales. Depreciation on equipment, 10% per year on original cost. Interest at 5% is receivable on the note for one full year. Rent paid in advance at December 31, $5,900 (originally charged to expense). Accrued salaries and wages at December 31, $5,840. d. e. Prepare the necessary adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation Insurance Expense 2310 a. 2310 Prepaid Insurance 3260 b. Bad Debt Expense 3260 Allowance for Doubtful Accounts 10400 10400 C. Depreciation Expense 10400 Accumulated Depreciation-Equipment 560 d. Interest Receivable 560 Interest Revenue 2 C. Depreciation Expense 10400 Accumulated Depreciation-Equipment 10400 d. Interest Receivable 560 Interest Revenue 560 . Prepaid Rent 7200 Rent Expense 7200 f. Salaries and Wages Expense 5840 Salaries and Wages Payable 5840 (b) Prepare the necessary closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To close revenue accounts) (To close expense accounts) (To close net income / (loss))