John Smiths Gardening Equipment Hires adjusted trial balance as at 30 June 2020 appears as shown below.

JOHN SMITHS GARDENING EQUIPMENT HIRE Adjusted Trial Balance as at 30 June 2020
Account	Debit $	Credit $
Cash at bank	16,854
Accounts receivable	15,846
Prepaid insurance	1,350
Prepaid rent	4,320
Gardening equipment	236,100
Accumulated depreciation gardening equipment		170,550
Accounts payable		20,400
Salaries payable		1,590
Electricity payable		990
Unearned hire fees		18,960
J. Smith, Capital		56,130
J. Smith, Drawings	54,930
Hire fees revenue		220,140
Salaries expense	81,090
Rent expense	12,780
Maintenance expense	9,300
Electricity expense	5,190
Depreciation expense	48,750
Insurance expense	2,250
	$488,760	$488,760

Required:

Using the above information, prepare the closing entries for the year ended 30 June 2020. Narrations are NOT required.