Problem 4-6A Closing entries LO2, 3 The adjusted trial balance for Lloyd Construction as of December 31, 2020, follows: Debit Credit No. Account 101 Cash .. $ 15,300 104 Current investments. 20,300 Supplies.... 6,900 126 149 Notes receivable .. 38,500 167 Equipment, 71,000 Accumulated depreciation, equipment.... $ 34,500 168 173 Building .. 253,000 137,500 174 Accumulated depreciation, building. 183 Land... 82,500 193 Franchise... 27,500 201 Accounts payable. 16,300 203 Interest payable .. 120 233 Unearned professional revenue. 26,300 251 Long-term notes payable.. 125,000 301 Amar Lloyd, capital. 85,640 302 Amar Lloyd, withdrawals. 2,300 401 Professional revenue. 199,480 406 Rent revenue ... 22,500 606 -Depreciation expense, building. 19,300 612 Depreciation expense, equipment. 7,300 623 Wages expense.. 63,300 633 Interest expense . 540 637 Insurance expense .... 17,300 652 Supplies expense . 12,100 688 Telephone expense.. 3,700 690 Utilities expense.. 6,500 Totals .. $647,340 $647,340 An analysis of other information reveals that Lloyd Construction is required to make a $41,500 payment on the long-term notes payable during 2021. The notes receivable are due May 1, 2022. Also, Amar Lloyd invested $68,000 cash early in 2020. Required Prepare the closing entries made at the end of the year