Prepare closing joumal entries and Post closing trial balance

The financial statement columns of the worksheet for Booer Company as of December 31, 2014 are as follows: BOOER COMPANY Worksheet For the Year Ended December 31, 2014 Income Statement Balance Sheet Accounts Debit Credit Debit Credit Cash 8,000 Accounts Receivable 26,000 Supplies 4,500 Prepaid Insurance 7,000 Equipment 41,000 Accumulated Depreciation Equipment 4,800 Patents 7,500 Accounts Payable 22,200 Notes Payable (due 2018) 20,000 Owner's Capital 43,300 Owner's Drawings 4,200 Service Revenue 26,400 Salaries and Wages Expense 5,200 Depreciation Expense 4,800 Insurance Expense 5,000 Interest Expense 3,500 Totals 18,500 26,400 98,200 90,300 Net Income 7,900 7,900 26.400 26.400 98,200 98,200 Prepare closing journal entries and Post closing trial balance