Required 1. Prepare the company's closing entries. Include explanations. 2. Prepare a T-account for Morgan Lukas, Capital. What is the ending capital balance at June 30, 2020? Requirement 1. Prepare the company's closing entries Include explanations. Begin with recording the entry to close out the revenue accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Leave unused cells blank.) More Info $ Morgan Lukas. Capital Service Revenue $ 8 800 68,000 Unearned Revenues 4 800 Salaries Expense 122000 Interest Expense 274,000 Accounts Receivable 7.000 Salaries Payable 30.000 Amortization Expense 156.000 Rent Expense 23 000 Morgan Lukas Withdrawals 7200 Supplies 50 000 Accumulated Amortization Supplies Expense 39.000 94 000 7.000 Interest Revenue