At December 31, 2019, the ledger of Aulani Company includes the following accounts, all having normal balances: Sales Revenue, $63,400; Cost of Goods Sold, $33,300; Retained Earnings, $20,000; Interest Expense, $3,200; Dividends, $5,000; Wages Expense, $8,000, and Interest Payable, $2,100. Required: 1. Prepare the closing entries for Aulani at December 31, 2019. If an amount box does not require an entry, leave it blank. Dec. 31 (Close revenues) Dec. 31 (Close expenses) Dec. 31 Check My Work 3 more Check My Work uses remaining, Save and Exit Submit Assignment for Grading All work saved Homework - Chapter 3 - ACCT 200-07 Financial Accounting CengageNOWV2 Online teaching and learning res At December 31, 2019, the ledger of Aulani Company includes the following accounts, all having normal balances: Sales Revenu Cost of Goods Sold, $33,300; Retained Earnings, $20,000; Interest Expense, $3,200; Dividends, $5,000; Wages Expense, $8,00 Interest Payable, $2,100. Required: 1. Prepare the closing entries for Aulani at December 31, 2019. If an amount box does not require an entry, leave it blank. Dec. 31 Sales Revenue 63,400 Income Summary 63,400 (Close revenues) Dec. 31 Income Summary Cost of Goods Sold 33,300 3,200 Interest Expense Wages pense dropdown (Close expenses) 8,000 Dec. 31 Income Summary 20,000 X Previou Check My Work 2 more Check My Work uses remaining. o 2. How does the closing process affect Aulani's retained earnings? of $