Use the following adjusted June 30 trial balance for Atwell Laboratories, Inc., to answer the questions that follow. ATWELL LABORATORIES, INC. Adjusted Trial Balance June 30 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable Rent payable Wages payable Contract liability Fees revenue Wages expense Rent expense Insurance expense Supplies expense Depreciation expense Common stock Retained earnings Totals Required Debits $800 7,360 3,600 5,040 216,000 46,880 19,200 1,200 20,000 24,000 Credits a. Prepare Atwell's closing journal entries. $72,000 2,480 1,600 480 800 122,400 96,320 48,000 $344,080 $344,080

Add the ending balances in the T-Accounts for all asset, liability, and equity accounts and record the totals. Add the ending balances in the T-Accounts for all asset, liability, and equity accounts and record the totals