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The following accounts relate to ACC 330 Corporation: Cash $ 20,000 10,000 42,000 20,000 Accumulated Depreciation Advertising Expense Owner's Capital Owner's Drawings Building Insurance Expense

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The following accounts relate to ACC 330 Corporation: Cash $ 20,000 10,000 42,000 20,000 Accumulated Depreciation Advertising Expense Owner's Capital Owner's Drawings Building Insurance Expense Service Revenue 4,000 200,000 8,000 100,000 REQUIRED: In the space provided, prepare the necessary closing entries based on the aforementioned information

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