Use the following adjusted account balances for Magic Company to prepare its closing entries. Nip 1 Mat bhamend istites of 100 eash iste ha ure haseia. 11 Fid wapeictsi,2o Required b. Twothinds of the August 2 avares has beea eared. e. Oue month of the Rupaia Rent has been wed. d. The Angust felepeone bill wat not iectives at of Aupust 3t tet ansounted to 5230 . 6. Hispare an adfusted trial baiance. 7. Prepaie an inceme statement. a stakement of chanzes in equiry and a balance sheer