Question 2 (20 marks) DIY Trailer Rental rents small trailers by the day of local moving jobs. This is its adjusted trial balance at the end of the current fiscal year: DIY Trailer Rental Adjusted Trial Balance June 30, 2021 Debit Credit $692 972 119 360 12,000 Cash Accounts Receivable Supplies Prepaid Insurance Trailers Accumulated Depreciation-Trailers Accounts Payable Wages Payable Selena Perez, Capital Selena Perez, Withdrawals Trailer Rentals Revenue Wages Expense Insurance Expense Supplies Expense Depreciation Expense-Trailers Other Expenses $7,200 271 200 5,694 7,200 45,546 23,400 720 266 2,400 10,782 $58,911 $58,911 Required: (1) From the information given, record closing entries. (Explanation is not required.) (12 marks) (2) Post the closing entries to the Income Summary and Selena Perez, Capital accounts. (Use the T account form) (4 marks) (3) Explain the difference between temporary and permanent accounts. (4 marks)