Please write neatly!

Presented below is an adjusted trial balance for Cowell Company, at December 31, 2020. 10,000 9,000 Cash Accounts receivable Prepaid insurance Equipment Depreciation expense Dividends Advertising expense Rent expense Salaries and wages expense Insurance expense 10,700 20,000 15,000 35,000 7,000 1,500 1,400 800 5,000 1,600 98,000 Accounts payable Notes payable Accumulated depreciation- equipment Service revenue Retained earnings Unearned service revenue Share capital-ordinary 14,000 30,000 12,000 11,000 12,000 98,000 Instructions Prepare closing entries for December 31, 2020.(omit explanation)