PART 4: CLOSING ENTRIES AND POST CLOSING TRIAL BALANCE 20 POINTS

The following is the adjusted trial balance as of December 31, 2019 of Barone Brothers Company:

Accounts	Debit	Credit
			Cash	$18,000
Accounts Receivable	30,000
			Prepaid Insurance	9,000
Office Supplies	3,200
			Land	45,000
Building	165,000
			Accumulated DepreciationBuilding		$12,000
Equipment	88,000
			Accumulated DepreciationEquipment		8,500
Accounts Payable		12,000
			Salaries Payable		2,000
Unearned Revenue		25,000
			Mortgage Payable		100,000
Barone, Capital		21,290
			Barone, Withdrawals	25,840
Service Revenue		325,000
			Salaries Expense	63,000
Depreciation ExpenseBuilding and Equipment	6,250
			Supplies Expense	15,000
Insurance Expense	14,500
			Utilities Expense	23,000	________
Total	$505,790	$505,790

Prepare closing entries and post closing trial balance.