PartlQ$1$: Presented below the adjusted trial balance of Jordan corporation for the year ended December $31,2019.$a$)$ Prepare the closing entries for the Company at year end b$)$ prepare the post$-$closing trial balance.AccountDrCr$23,500$Cash$11,000$Accounts ReceivableSupplies$2,000$Prepaid insurance$5,400$Equipment$45,000$Accumulated Depreciation $-$ Equipment$9,500$Land$65,000$Accounts Payable$6,300$Interest payable$1,000$Salaries and wages payable$2,600$Share Capital$85,000$Retained earnings$16,300$Dividends$12,600$Service Revenue$71,500$Depreciation expense$-$ Equipment$2,400$Interest expense$4,000$Salaries and wages expense$20,000$Insurance Expense$1,300$Total$192,200192,200$