The adjusted trial balance from June 30, 2020, of Paddy's Music Lessons follows: (Click the icon to view the adjusted trial balance.) Required 1. Journalize the closing entries of Paddy's Music Lessons at June 30, 2020. Include explanations. 2. How much net income or net loss did Paddy's Music Lessons earn for the period ended June 30, 2020? How can you tell? Requirement 1. Journalize the closing entries of Paddy's Music Lessons at June 30, 2020. Include explanations. First, we will close the revenue account. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date June Journal Entry Accounts Debit Credit