apreciation Expense, Music Equip. Problems Problem 7-1: Listed below is a partial worksheet for the Lawrence Marcel Music Studio. Lawrence Marcel Music Studio Worksheet December 31, Account Name Cash Accounts Receivable Music Supplies Prepaid Rent Music equipment Adjusted Trial Balance 17,500 3,000 1,950 750 30,000 5,000 Accumulated Depr., Music Equip. Accounts payable L Marcel, Capital 8,000 19,000 500 Marcel, Withdrawals 35,000 Music Fees Earned Vbilities Expense 800 12,000 500 67.000 67.000 131 Required Complete the worksheet. b. Prepare the closing entries