Reconstruct the adjusting and closing entries from the following T$-$accounts:

Prepaid Insurance Accounts Receivable Unearned Revenue Wages Payable

$1,2006,0001,350530$

$2001,500435530$

$1,0007,500915$

Madison Cox, Capital Madison Cox, Drawing Fees Earned

$7,0002,1008,000$

$5,2802,1001,500$

$2,10009,935435$

$10,1800$

Wages Expense Rent Expense Insurance Expense Utilities Expense

$2,6001,145200180$

$5301,145200180$

$3,130000$

$0$

Closing Entries:

$($a$)$

Fees Earned

Wages Payable

$($b$)$