Required information Skip to question The following account balances are taken from the adjusted trial balance of Best of Fun Bowling Lanes on December 31, 2023. Debit Credit Bowling Supplies Prepaid Insurance 320.00 Accounts Payable 535.00 Long-Term Notes Payable 15,000.00 D. Allen, Capital 31,800.00 Bowling Equipment 74,325.00 Accumulated Depreciation- Bowling Equip. 18,585.00 D. Allen, Withdrawals 23,500.00 Bowling Revenue 81,750.00 Equipment Repairs Expense 630.00 Rent Expense 8,175.00 Interest Expense 900.00 Bowling Supplies Expense 1,835.00 Insurance Expense 1,680.00 Depreciation Expense, Bowling Equipment 7,125.00 Wages payable 420.00 Wages Expense 24,720.00 Cash 1,250.00 Rent Payable 975.00 Property Taxes Payable 285.00 Utilities Expense 3,530.00 Property Tax Expense 1,045.00 Totals 149,350.00 149,350.00 Prepare closing entries on December 31, 2023.