Debit Problem III. Prepare ONLY the FIRST TWO closing journal entries in good form from the below information (10 points each journal entry=20 points in total) ABC Company Adjusted Trial Balance Dec. 31, 2010: Account Name Credit Cash $10,000 Sales Revenue $38,000 Utilities Expense 12,000 Merchandise Inventory 35,000 Accounts Receivable 30,000 Forfeited Sales Discount 5,000 Salaries Payable 3,000 Gain on Sale of Truck 4,500 Rent Expense 16,000 Unearned Service Revenue 20,000 Withdrawals 9,000 Building 80,000 Service Revenue 16,000 Depreciation Expense 8,000 Accumulated Depreciation-Building 21,000 Accounts Payable 4,500 Interest Income 2,600 Cost of Goods Sold 14,600 Capital @ 12/31/2010 = 101,500