Diane's Dairy Sales & Delivery finished its first year of operations on December 31, 2014. After adjusting journal entries, the company presented the following adjusted trial balance.

Using this trial balance, prepare Diane's necessary entries to close out temporary accounts at year- end.

Diane's Dairy Sales & Delivery Adjusted Trial Balance At December 31 Debit Credit Account Cash Accounts Receivable Supplies Prepaid Insurance Prepaid Rent S 833,000 179,000 83,000 13,000 30,000 350,000 Accumulated Depreciation-Equipment Accounts Payable Wages Payable Unearned Revenue Notes Payable, due 2015 Common Stock Retained Eamings Dividends Sales Revenue Wage Expense Utility Expense Selling Expense Administrative Expense Insurance Expensa Supplies Expense Depreciation Expense Equipment S 30,000 150,500 24,000 12,000 80,000 1.000,000 12,000 1000,500 320,000 32,000 122,500 192,500 14,000 85,000 31,000 Totals S2,297,000 $2,297000