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Selected accounts from the records of Joe's Fixclt Shop have the folowing balances d May 3 Revenue from repairs Cash Rent Expense Insurance Expense Depreciation

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Selected accounts from the records of Joe's Fixclt Shop have the folowing balances d May 3 Revenue from repairs Cash Rent Expense Insurance Expense Depreciation Expense Supplies Inventory S 74,000 $ 6,000 $ 16,000 s 7,200 $ 1,700 $ 700 $ 1,800 $ 8,100 S 900 $ 37,800 $ 2,600 s 61.440 46,200 Utilities Expense Supplies Expense Equipment Accounts Payable oe Wrench, Capital ioe Wrench, Withdrawals A Required: Prepare the closing entries for Joe's Fix-lt Shop. (you D ALL OF T CREDIT DEBIT P.R DATE ACCOUNT TITLES AND EXPLANATION

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