Prepare ONLY the FIRST TWO closing journal entries in good form from the below information

ABC Company `

Adjusted Trial Balance

Dec. 31, 2010:

Account Name

Cash Debit $10,000

Sales Revenue Credit $38,000

Utilities Expense Debit 35,000

Merchandise Inventory Debit 30,000

Accounts Receivable Debit 30,000

Forfeited Sales Discount Credit 5,000

Salaries Payable Credit 3,000

Gain on Sale of Truck Credit 4,500

Rent Expense Debit 16,000

Unearned Service Revenue Credit 20,000

Withdrawals Debit 9,000

Building Debit 80,000

Service Revenue Credit 16,000

Depreciation Expense Debit 8,000

Accumulated Depreciation-Building Credit 21,000

Accounts Payable Credit 4,500

Interest Income Credit 2,600

Cost of Goods Sold: Debit 14,600

Capital @ 12/31/2010 = Credit 101,500