The adjusted trial balance of the Thomas Company follows: Thomas Company Adjusted Trial Balance December 31 P Cash. P Prepaid insurance. P Equipment P Accumulated depreciation-Equipment. P Salaries payable... P Unearned repair fees.. P Thomas, Capital... T Thomas, Withdrawals. T Repair Fees Earned T Salaries expense... T Depreciation expense. T Insurance Expense Totals Prepare the closing entries for Thomas Company. De 31 C 31 31 31 Debit Credit 8,000 2,400 18,000 3,600 2,000 1,200 11,400 4,000 27,500 10,000 1,800 1,500 45,700 45,700