The Jasper Company was completing the year end closing entries. The company had the following accounts at year end. This information was taken from the adjusted trial balance.

YEAR END DECEMBER $31$ST ADJUSTED BALANCES$-$PARTIAL TRIAL

$\backslash$table$[[$Cash$,20,000],[$Accounts Receivable,$10,000],[$Equipment$,50,000],[$Accounts Payable,$30,000],[$Insurance Expense,$10,000],[$Revenues$,60,000],[$Accumulated Depreciation,$25,000],[$Rent Expense,$12,000],[$Capital$,150,000],[$Drawings$,20,000],[$Prepare the year CLOSING ENTRIES,$]]$