Paloma Company shows the following balances in selected accounts of its adjusted trial balance.

Supplies $32,000 Service Revenue $108,000 Supplies Expense 6,000 Salaries and Wages Expense 40,000 Accounts Receivable 12,000 Utilities Expense 8,000 Dividends 22,000 Rent Expense 18,000 Retained Earnings 70,000 Prepare the remaining closing entries at December 31.