The adjusted trail balance for Lloyd construction as of December 31, 2020 follows

ananalysis of other information realize that Lloyd construction is required to make a $40,000 payment on the long term notes payable during 2021. The notes receivable are due May 1, 2022, also Amar Lloyd

invested $70,000 cash early in 2020

No. Account 101 Cash 104 Short-term investments 126 Supplies 149 Notes receivable 167 Equipment 168 Accumulated depreciation, equipment 173 Building 174 Accumulated depreciation, building 183 Land 193 Franchise 201 Accounts payable 203 Interest payable 233 Unearned professional revenue 251 Long-term notes payable 301 Amar Lloyd, capital 302 Amar Lloyd, withdrawals 401 Professional revenue 406 Rent revenue 606 Depreciation expense, building 612 Depreciation expense, equipment 623 Wages expense 633 Interest expense 637 Insurance expense 652 Supplies expense 688 Telephone expense 690 Utilities expense Totals Debit Credit $ 15,500 20,500 7,100 39,500 73,000 $ 35,500 255,000 138,500 83,500 28,500 16,500 130 26,500 127,000 87,450 2,500 201,480 23,500 19,500 7,500 63,500 560 17,500 12,300 3,900 6,700 $656,560 5656,560 Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Date General Journal Dec 31, 2020 Debit Credit Record entry Clear entry View general joumal Journal entry worksheet