The ledger of Mal Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $9,000;D. Withdrawals $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense $1,600. Prepare its December 31 closing entries. The following is the adjusted trial balance of Sierra Company. Credit d Sierra Company Adjusted Trial Balance December 31 Account Title Debit Cash $ 5,000 Prepaid insurance 500 Notes receivable (due in 5 years) 4,000 Buildings 20,000 Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) L. Sierra, Capital L. Sierra, Withdrawals 1,000 Consulting revenue Wages expense 3,500 Depreciation expense-Buildings 2,000 Insurance expense. 1,500 Totals $ 37,500 $ 12,000 2,500 3,000 10,500 9,500 $ 37,500 Les Prepare its December 31 closing entries