Use the following Adjusted Trial Balance to prepare the four journal entries required to close the books:

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Adjusted Trial Balance Debit $ 38,750 4,500 35,000 Cash Prepaid Insurance Equipment Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Automobile Expense Insurance Expense Salaries Expense Supplies Expense 22,000 24,575 18,000 110,000 6,500 $259,325 Credit $ 32,000 10,000 17,325 200,000 $259,325