The following selected accounts and balances were taken from the adjusted trial balance of CV Company: Cash Accounts receivable Accounts payable C. Villanueva, Capital C. Villanueva, Withdrawal Service revenue Interest income Administrative expenses Marketing expenses Interest expense REQUIRED: 1. Journalize the closing entries. 2. How much is C. Villanueva's ending capital balance? Php 167,000 49,200 38,760 248,640 600,000 1,240,000 10,000 424,000 248,000 8,000