Please answer everything in the following page for Accounting, please thank you.

Question #2 (20 points) Based on the adjusted trial balance shown below, prepare the closing entries for Shelton's Automotive Services as of December 31, 20X3. Shelton's Automotive Services Adjusted Trial Balance December 31, 20X3 Debit Credit Cash 13,500 Accounts Receivable 10.000 Prepaid Insurance 3,000 Auto Supplies 2,600 Equipment 25,000 Accumulated Depreciation Fiquipment 12.000 Land 15.000 Accounts Payable 6.000 Salaries Payable 2.000 James Shelton, Capital 48,600 James Shelton. Drawing 2,000 Auto Services Revenue 26,000 Salaries Expense 11.000 Rent Expense 6,000 Advertising Expense 4.000 Auto Supplies Expense 1.500 Depreciation Expense Equipment 1.000 Totals 94,600 94,600