The following is the adjusted trial balance as of December 31, 2018 of Martin Watch Company: Accounts Cash Accounts Receivable Prepaid Insurance Office Supplies Building Accumulated Depreciation-Building Debit $18,000 30,000 9,000 3,200 165,000 Credit $12,000 88,000 Equipment Accumulated Depreciation-Equipment Land Accounts Payable Salaries Payable Unearned service revenue Mortgage Payable Martin, Capital Martin, Withdrawals Service Revenue Salaries Expense Depreciation Expense-Building and Equipment 6,250 Supplies Expense Insurance Expense Utilities Expense 8,500 45,000 12,000 2,000 25,000 100,000 21,290 25,840 325,000 63,000 15,000 14,500 23,000 Total $505,790$505,790 REQUIRED: Prepare closing entries as of December 31, 2018 using good form. Use the general journal provided on the follov Explanations are not required