3.3 The accountant for Sheldrake Consultine the following “Adjusted”Trial Balance at

3.3 The accountant for Sheldrake Consultine the following “Adjusted”Trial Balance atDecember 31,2011.after one year of operations:InstructionsPrepare closing cntries for Sheldrake Consulting..(20 points)afterDebitCredit$7,590Cash5,910Accounts Receivable2,550Unexpired Insurance25,230Office EquipmentAccumulated Depreciation:Office Equipment$4504,230Unearned Consulting Fees21,030Capital StockRetained Earnings,January 1,20113,3901,150DividendsConsulting Fees Earned28,1508,850Salaries Expense2,130Utilities Expense3,390Rent ExpenseDepreciation Expense450$57,250$57,250