Prepare a closing entries

Recommended time to complete: 16 minutes Aero Ltd is a computer software company whose clients pay a monthly subscription fee to use hero Lid's cloud based project management software, Aero Ltd is a reporting entity and adopted a 30 June year end balance date Below is Aero Ltd's adjusted trial balance as at 30 June 2021 Account names Dr $ Cr$ Cash 4.590 Accounts receivable 10.500 Computer supplies (Inventory) 1.220 Prepaid rent 2.760 390,000 Computer equipment 48,750 Accumulated depreciation Computer equipment e Momo Bank fees 595 Computer supplies expense 14,640 Depreciation expense Computer equipment 48,750 Insurance expense 4,570 Interest expense 1,800 Rent expense 33,120 Wages expense 125,550 Total 685,595 685,595 Required: Prepare the 30 June 2021 closing journal entries. Narrations are required. Show all calculation workings Note: In your answer it is advisable to build a table with headings. Below is a suggested form of