Tral belance has following accounts, cash 50000, A/R 20000, prepaid rent 5000, equipment (net 25000, land 10000, A/P 15000, 2 years N/P 30000, retained earning 25000, share capital 40000, balances are current assets 70000 and total assets 110000 a O current assets 70000 and total assets 100000 b O current assets 75000 and total assets 110000 O current asset 50000 and total assets 110000 d O F 30 7During 2019 total revenues 120000 and total expenses 80000 and total dividerds 10000, income summary account will be closed as Debit 30000. O Credit 40000 b 0 Debit 30000.co Debit 40000.00 40 100 Dember 1, 2019 X compare signec 6 months to interest note payable of 10000, the adjusting entry at december 21 2019 is debited to Interest expense 500. O