The adjusted trial balance for Sandhill Company, owned by D. Sandhill, is as follows: SANDHILL COMPANY Adjusted Trial Balance December 31, 2024 Account No. 101 112 126 130 157 158 200 201 212 230 301 306 400 610 631 711 722 726 905 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Sandhill, capital D. Sandhill, drawings Service revenue Advertising expense Supplies expense Depreciation expense Insurance expense Salaries expense Interest expense Totals Dr. $4,500 11,600 1.700 700 27,200 8,200 8,100 3,300 5,500 4,300 27,800 460 a $5,500 13,800 5.600 3,400 480 14,200 60,400 $103,380 $103.380 Required Prepare closing etitries. Use T accounts to post the closing entrles and calculate the balance in each account.