please answer the classified balance sheet at dec 31, 2019 and prepare a necessary closing entries at Dec 31, 2019

Credit Debit $ 5,500 23,500 8,500 7,700 50,000 $ 25, eee 171,000 57, eee TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 1e1 Cash 184 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 288 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 244 Current portion of long term note payable 251 Long-term notes payable 3e7 Common stock 318 Retained earnings 319 Dividends 401 Professional fees earned 64,360 16,500 2,300 3,700 2,800 1,100 7,100 7,000 62,000 5,500 126,300 12,800 101 AAA Return to que 126,300 12,800 101, eee 17,500 2,100 2,eee 12,540 7,500 26,500 318 Retained earnings 319 Dividends 401 Professional fees earned 406 Rent earned 407 Dividends earned 409 Interest earned 606 Depreciation expense-Building 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 expense 652 Supplies expense 682 Postage expense 683 Property taxes expense 684 Repairs expense 688 Telephone expense 690 Utilities expense Totals 3,600 Rent 8,20 12,300 6.900 2,2ee 2,200 4,300 6,100 2,300 3,100 $438,900 $438,900 0. Tybalt invested $5,500 cash in the business in exchange for common stock during year 2019. The December 31, 2018, credit balance of the Retained Earnings account was $126,300. Daiva. December 31, 2019 Assets > $ Current assets Cash Prepaid insurance Short-term investments 5,500 7.700 23,500 Total current assets $ 36,700 x Plant assets Land Equipment Supplies Building Accumulated depreciation-Equipment Total plant assets X 64,360 50,000 > 14,360 8,500 X 171,000 X (162,500) (25,000) IS (173 1401 x X View Tansaction ist Journal entry worksheet 1 2 3 4 Record the entry to close the revenue account(s). Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Prey 1 of 6 Next >