Using the Adjusted Trial Balance provided, prepare the Journal entries for closing entries. Then prepare a Post-Closing Trial Balance in the columns provided.

General Journal Post Closing Trial Balance 4 Income Summary Debit Credit Account Title & Transaction Description Debit Credit 6 Debit Credit 3 Midtown Repair Company Adjusted December 31, 2019 Trial Balance 5 Account Debit Credit 7 Cash $95,600 8 Notes Receivable (current) 50,000 9 Prepaid Insurance 16,000 10 Prepaid Rent 4,000 11 Equipment 170,000 12 Accum. Depreciation - Equipt. 57,000 13 Account Payable 52,000 14 Long Term Note Payable 63,000 15 C. Trous - Capital 178,500 16 C. Trous - Withdrawal 30,000 17 Repair Services Revenue 180,800 18 Interest Revenue 7,500 19 Depreciation Expense - Equipt. 28,500 20 Wages Expense 85,000 21 Rent Expense 48,000 22 Insurance Expense 6,000 23 Interest Expense 5,700 24 Totals $538,800 $538,800 25 C. Trous - Capital 178,500 $0 $0