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Prepare Closing Entries Journal, Balance in accounts after each closing entry and Ledger after closing entries. Dr Cr 7,480 3,700 600 3,000 16,000 Company "ABC" Adjusted Trial Balance January 31, 2020 Account Cash A/Receivable Service Supplies Furniture & Fixtures Service Equipment Accumulated Depreciation Account Payable Utilities Payable Loans Payable Capital Drawing Service Revenue Rent Expense Salaries Expense Taxes and Licenses Utilities Expense Depreciation Expense Service Supplies Expense Total 720 9,000 1,800 12,000 13,200 7,000 9,850 1,500 3,500 370 1,800 720 900 46,570 46,570