The following account balances are taken from the adjusted trial balance of Bowling Lanes at December 31, 2020.

	Debit	Credit
Bowling Supplies
Prepaid Insurance	320.00
Accounts Payable		535.00
Long Term Notes Payable		15,000.00
D. Allen, Capital		31,800.00
Bowling Equipment	74,325.00
Accumulated Depreciation- Bowling Equip.		18,585.00
D. Allen, Withdrawals	23,500.00
Bowling Revenue		81,750.00
Equipment Repairs Expense	630.00
Rent Expense	8,175.00
Interest Expense	900.00
Bowling Supplies Expense	1,835.00
Insurance Expense	1,680.00
Depreciation Expense, Bowling Equipment	7,125.00
Wages payable		420.00
Wages Expense	24,720.00
Cash	1,250.00
Rent Payable		975.00
Property Taxes Payable		285.00
Utilities Expense	3,530.00
Property Tax Expense	1,045.00
Totals	149,350.00	149,350.00

Prepare Closing Entries and Post Closing Trial Balance at December 31, 2020