I.

The following accounts are taken from the ledger of Chillin' Company at $31/12$

$\backslash$table$[[200,$Notes payable,$20,000,101,$Cash,$6,000],[311,$Common stock,$25,000,120,$Supplies,$5,000],[157,$Equipment,$76,000,522,$Rent expense,$2,000],[332,$Dividends,$8,000,220,$Wages payable,$3,000],[726,$Wages expense,$38,000,201,$Accounts payable,$9,000],[400,$Service revenue,$86,000,112,$Accounts,$8,000]]$

a$.$ Prepare the necessary closing entries based on the following selected accounts.

$\backslash$table$[[$Accumulated Depreciation,$$10,000$