1. Jones gave a $2,000 dividend to investors during the year. Prepare the closing entry needed on December 31 NOTE: Debit entries need to be listed first. Please do not indent credit entries. Dollar values need to be entered with no dollar sign and appropriate commas (e.g. 5.000). If no dollar value is needed in a blank, put 'o" in the space provided Account Title Debit Credit 2. Jones earned $58,000 of sales revenue during the year. Prepare the closing entry needed on December 31. NOTE: Debit entries need to be listed first. Please do not indent credit entries. Dollar values need to be entered with no dollar sign and appropriate commas (eg. 5,000). If no dollar value is needed in a blank, put 'o' in the space provided Account Title Debit Credit 3. Jones incurred $16,000 of rent expense during the year. Prepare the closing entry needed on December 31. NOTE: Debit entries need to be listed first. Please do not indent credit entries. Dollar values need to be entered with no dollar sign and appropriate commas (e.g. 5.000). If no dollar value is needed in a blank, put 'o' in the space provided. Account Title Debit Credit