The account balances of Francis Company as of June 30, the end of the current fiscal year, are as follows: TRIAL BALANCE ACCOUNT NAME DEBIT CREDIT Cash 5,776.00 Accounts Receivable 833.00 Supplies 575.00 Prepaid Insurance 1,348.00 Equipment 7,526.00 Accumulated Depreciation, Equipment 2,876.00 Van 10,542.00 Accumulated Depreciation, Van 3,288.00 Accounts Payable 1,605.00 B. Francis, Capital 19,994.00 B. Francis, Drawing 15,960.00 Fees Earned 37,400.00 Salaries Expense 18,340.00 Advertising Expense 2,164.00 Van Operating Expense 840.00 GENERAL JOURNAL DATE DESCRIPTION POST. REF. DEBIT 20-- Closing Entries Jun. 30 B. Francis, Capital 65,163 Income Summary Jun. 30 Fees Earned Salaries Expense 18,340 255 Supplies 15,960 B. Francis, Drawing 10,542 Van 1,085 Utilities Expense 565 Insurance Expense 760 Depreciation Expense, Equipment 1,270 Depreciation Expense, Van 833 Accounts Receivable Jun. 30 Income Summary Cash GENERAL JOURNAL DESCRIPTION POST. REF. DEBIT CREDIT ng Entries rancis, Capital 65,163 ncome Summary 65,163 Earned 37,400 Salaries Expense 18,340 0 fupplies 255 3. Francis, Drawing 15,960 10,542 Mities Expense 1,085 565 Insurance Expense 760 Depreciation Expense, Equipment 1,270 Depreciation Expense, Van 833 Accounts Receivable me Summary Cash Salaries Expense 18,340 Supplies 255 B. Francis, Drawing 15,960 Van 10,542 Utilities Expense 1,085 Insurance Expense 565 Depreciation Expense, Equipment 760 Depreciation Expense, Van 1,270 Accounts Receivable 833 10 Income Summary Cash 1. 30 B. Francis, Capital Cash Balance Sheet June 30, 20- Assets Cash 5,776 833 Accounts Receivable 320 Supplies 783 Prepaid Insurance Equipment 7,526 3,636 Less: Accumulated Depreciation, Equipment 3,890 Van 10.542 6,558 5,984 Less: Accumulated Depreciation, Van 17,586 Total Assets Liabilities 675 Accounts Payable 1.605 Salaries Payable $ 2.280 Total Liabilities Owner's Equity 15,306 B. Francis, Capital 17,586 Total Liabilities and Owner's Equity