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ITUIU 2020-10-13-20-17-15.jpg A Searc Question Completion Status (Amount 5) (Amount 5) Cash 3,000 Supplies 5,000 Prepaid rent 6,000 Furniture 4,000 Equipment 16,000 Accumulated depreciation Equipment

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ITUIU 2020-10-13-20-17-15.jpg A Searc Question Completion Status (Amount 5) (Amount 5) Cash 3,000 Supplies 5,000 Prepaid rent 6,000 Furniture 4,000 Equipment 16,000 Accumulated depreciation Equipment Unearned service revenue Ahmed, Capital Ahmed, Withdrawals 3,100 Services revenue Interest revenue Depreciation expense-Equipment 2,300 Wages expense 4,500 Utility expense 1,200 Rent expense 2,400 TOTAL 47,500 2,000 4,400 20,000 19,600 1,500 47,500 REQUIRED:- A) Prepare th. closing entries for Ahmed Company as on December 31, 2019. (3 marks) b. B) Calculate the amount of closing capital to be reported in the closing trial balance as on December 31st, 2019. (1 mark) Note: Closing T- Balance is not required. C) Why the permanent necounts (asset, liabilities, and capital) accounts of a company are not closed at the end of an accounting period? (I MacBook Air

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