Presented below is the adjusted trial balance of Lazy Laundry Service as at October 31, the end of its fiscal year. Required: Prepare the necessary closing entries in the General journal provided. Debit Credit Cash $40,000 Accounts receivable 12,000 Supplies 1,500 Prepaid rent 1,500 Equipment 225,000 Accumulated depreciation, equipment $130,000 Accounts payable 25,500 Salaries payable 1,000 Notes payable 65,000 L. Bunch, capital 20,000 L. Bunch, drawings 22,000 Laundry service revenue 195,000 Depreciation expense 90,000 Rent expense 21,000 Supplies expense 5,000 Utilities expense 18,500 $436,500 $436,500