Question $2$

Below are the adjusted account balances of Sebastien Company at its year$-$end,

luy $31,2020.$

Salarles payable $2,080$

Cosh$14,200$

Salaries expense $48,700$

Accounts recelvable $9,780$

Urinies expense $22,600$

Accumulated depreciation$-$

Equipment $34,400$

equipment $6,000$

Accounts payable $4,100$

Owner's drawings $3,000$

Service revenue $63,000$

Depreciation expense $4,000$

Rent revenue $8,500$

Owner's capital $($beginning balance$)$

Notes parable $($long$-$term$)1,800$

$51,200$

Required:

Record closing entries from the details give above.