Michael's Esports Tutoring reportedthefollowing partial list of accountsinits June 30, 2020, financial records:

Michael Lucas, Capital.................$118,400Interest Expense..............................$ 8,800Service Revenue............................256,400Accounts Receivable.......................56,000Unearned Revenues......................5,400Salaries Payable...............................3,400Salaries Expense............................70,000Amortization Expense....................40,800Accumulated Amortization.........140,000Rent Expense...................................23,600Supplies Expense..........................11,800Michael Lucas, Withdrawals.........90,000Interest Revenue............................5,800Supplies............................................5,600

Required

1. Preparethecompany's closing entries. Include explanations.
2. Prepare T-account for Michael Lucas, Capital. What istheending Capitalbalanceat June 30, 2020?