Prepare the journal entries requied to close the temporary accounts at December 31,2020.

Credit $3,000 9,000 Big Mountain Manufacturing Adjusted Trial Balance December 31, 2020 Debit Accounts payable Accounts receivable $25,000 Accumulated depreciation, equipment Cash 38,480 Depreciation expense 9,500 Equipment 27,000 Insurance expense 3.800 Maintenance expense 7,600 Prepaid insurance 2,260 Revenue Salaries expense 67,600 Salaries payable John Welder, capital John Welder, withdrawals 25,400 Supplies 12,360 Supplies expense 5,200 Unearned revenue $224,400 162,000 3,400 43,000 4,000 $224,400