Craig’s Car Detailing Service had the following accounts and account balances in the adjusted trial balance columns of its worksheet for the year ended 30 June 2017.

Craig Fraser, Capital Craig Fraser, Drawings Service Fees Revenue Interest Revenue Salaries Expense

$44 500 25 000 124 600 5 750 68 560

Rent Expense Advertising Expense Depreciation Expense Sundry Expenses

$17 980 12 100 15 680 6 240

Required

Record the required closing entries for Craig’s Car Detailing Service.