usted account balances for Magic Company to prepare its closing entries. Account Title Cashi Accounts receivable Land Accounts payable Long-term notes payable Magic, Capital Magic, Withdrawals Services revenue Salaries expense Supplies expense Totals Debit $ 13.000 17,000 85.000 20.000 56.000 8,000 $199.000 Credit $ 12,000 33,000 75,000 79,000 $199,000