1. prepare the entry to close the revenue account(s)

2. prepare the entry to close the expense account(s)

3. prepare the entry to close income summary

4. prepare the entry to close the dividends account

Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions displayed below.) The following adjusted trial balance at December 31 of Wilson Trucking Company. Credit Debit $ 9,300 18,800 4,300 185,000 $ 37,300 98,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals 15,900 5,300 64,500 36,500 146,500 21,300 143,000 24,800 64,900 9,300 13,300 $ 449,000 $ 449,000