Prepare Closing Entries Journal, Balance in accounts after each closing entry and Ledger after closing entries. Company "ABC" Adjusted Trial Balance January 31, 2020 Account Dr Cr Cash 7.480 A/Receivable 3,700 Service Supplies 600 Furniture & Fixtures 3,000 Service Equipment 16,000 Accumulated Depreciation 720 Account Payable 9,000 Utilities Payable 1,800 Loans Payable 12,000 Capital 13,200 Drawing 7,000 Service Revenue 9,850 Rent Expense 1,500 Salaries Expense 3,500 Taxes and Licenses Utilities Expense 1,800 Depreciation Expense 720 Service Supplies Expense 900 Total 46,570 46,570 370