The Following Is the Adjusted Trial Balance as of December

Essay

The following is the adjusted trial balance as of December 31,2019 of Hawkins Dental Lab Company:
$\begin{array}{|l|r|r|}\hline \text { Cash } & \$ 14,000 \\\hline \text { Accounts Receivable } & 10,000 \\\hline \text { Prepaid Insurance } & 9,000 \\\hline \text { Office Supplies } & 6,200 \\\hline \text { Land } & 25,000 \\\hline \text { Building } & 100,000 \\\hline \text { Accumulated Depreciation-Building } & & \$ 42,000 \\\hline \text { Equipment } & 120,000 & \\\hline \text { Accumulated Depreciation-Equipment } & & 75,000 \\\hline \text { Accounts Payable } & & 40,000 \\\hline \text { Salaries Payable } & & 4,000 \\\hline \text { Unearned Revenue } & & 5,000 \\\hline \text { Mortgage Payable } & & 70,000 \\\hline \text { Hawkins, Capital } & & 20,000 \\\hline \text { Hawkins, Withdrawals } & 17,500 &\\\hline \text { Service Revenue } & & 235,000 \\\hline \text { Salaries Expense } & 96,000 & \\ \hline \text { Depreciation Expense-Building and } & & \\\text { Equipment } & 16,300 & \\\hline \text { Supplies Expense } & 43,000 & \\\hline \text { Insurance Expense } & 18,500 & \\\hline \text { Utilities Expense } & 16,000 & \\\hline \text { Total } & \$ 491,500 & \$ 491,50 \\ \hline\end{array}$
Prepare the closing entries.Omit explanation.