kb Calendar - Blackboard Learn Test 2 - Chapters 3 & 4 0) The adjusted trial batance for Lloyd Construction as of December 31, 2020, follows: NO . Account Debit Credit 101 $ 16,300 Short-term investments 21, 303 126 Supplies 7.9OD Notes receivable 43 580 points 167 Equipment 81,060 Accumulated 168 depreciation, $ 39,500 01:36:40 equipment 173 Building 263,060 174 Accumulated depreciation, building 142, 508 183 Land 87 500 193 Franchise 32 560 201 Accounts payable 17,308 203 Interest payable 130 233 Unearned professional revenue 27,300 251 Long-term notes payable 135, Bee 301 Amar Lloyd, capital 94, 730 302 Amar Lloyd, withdrawals 3,380 401 Professional revenue 209,480 406 Rent revenue 27,560 606 Depreciation expense, building 20-360 612 Depreciation expense, equipment 8,300 623 Wages expense 64,360 633 Interest expense 640 637 Insurance expense 18 300 652 Supplies expense 13 180 688 Telephone expense 4, 700 690 Utilities expense 7,500 Totals $693, 440 $693, 440 An analysis of other Information reveals that Lloyd Construction is required to make a $48,060 payment on the long- term notes payable during 2021. The notes receivable are due May 1, 2022. Also, Amar Lloyd Invested $78,000 cash early in 2020 Required: Prepare the closing entries made at the end of the year. View transaction list Journal entry worksheet 1 2 3 4 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, 2020 Record entry View general journal Clear entry esc F2 20 F3 888 F4 FS # m S LU C