The following is the trial balance of A Corporation at December 31

after the year-end adjustments were made.

DebitsCredits

Cash 13,750

Accounts Receivable 10,250

Supplies 1,950

Office Equipment 42,500

Accumulated Depreciation 8,250

Accounts Payable 3,250

Salaries and Wages Payable1,150

Unearned Fees 1,250

John Smith, Capital 25,000

John Smith, Drawing27,050

Fees Earned 126,350

Salaries/Wages Expense31,420

Rent Expense 24,000

Depreciation Expense 2,750

Supplies Expense 3,475

Insurance Expense 2,400

Telephone Expense 2,700

Utilities Expense 2,600

Miscellaneous Expense 405

Required:

Journalize the necessary closing entries in the journal below: