prepare closing entries from the following.

Exercise (2) The Adjusted Trial Balance of Mona Company at the end of the year is: Mona Company Trial Balance As at July 31, 2013 Debit Credit Account Title (BD) (BD) Cash 38,200 Accounts Receivable 6,380 Equipment 30,700 Accumulated Depreciation 4,500 Accounts Payable 5,700 1 Unearned Rent Revenue 2,100 Mona, Capital 51,400 Mona, Drawings 2,000 Commission Income 30,580 Rent Revenue 1,400 Depreciation Expense 1,500 Salaries Expense 15,400 Utilities Expense 1,500 Total 95,680 95,680 Required: Prepare the closing entries