Prepare the closing entries at March 31 in the General Journal below.Use the balances for each account which appear on the Adjusted Trial Balance for your closing entries.

Number	Title	Debit	Credit
111	Cash	18,060
411	Bicycle Repair Revenue		5,350
117	Prepaid Insurance	2,200
511	Store Rent Expense	1,900
119	Repair Supplies	200
512	Telephone Expense	340
144	Repair Equipment	5,800
513	Insurance Expense	200
145	Accum. Depr.-Repair Equipment		120
212	Accounts Payable		5,050
515	Depr. Exp.-Repair Equipment	120
213	Income Taxes Payable		65
516	Income Taxes Expense	65
514	Repair Supplies Expense	450
311	Common Stock		20,000
517	Electric Expense	250
313	Dividends	1,000