A company's fiscal year-end is December 31, Year 1. The following is an adjusted trial balance as of December 31. Credit Debit $ 10,400 31,000 22,000 Accounts Cash Supplies Prepaid Rent Accounta Payable Notes Payable Common Stock Retained Earnings Dividenda Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals $ 1,400 14,000 32,000 7,400 2,400 55,600 18,400 11,400 8,400 6.400 $110,400 $110,400 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet