APPLY THE CONCEPTS: Journalize the closing entries for the year ended Decemb Use the data from the adjusted balance. If an amount box does not require an entry, leave it blank. Adjusted Trial Balance Adjusted Trial Balance For December 31, 20xx Cash $70,000 29,000 Accounts Receivable 16,000 Prepaid Insurance Equipment 60,000 $40,000 Accumulated Depreciation 6,000 Accounts Payable Capital Stock 8,000 Income Taxes Payable 4,000 20,000 Retained Earnings Dividends 5,000 Fees Earned 175,200 Interest Revenue 36,400 Rent Revenue 84,000 63,200 Selling Expense 46,400 Depreciation Expense Interest Expense 84,000 $373,600 $373,600 To close the revenue accounts, debit each revenue account in descending order from the appropriate amount. If an amount box does not require an entry, leave it blank or enter "o