Beachside Realty rents condominiums and furnishings. Below is the adjusted trial balance at Decemb Beachside Realty Adjusted Trial Balance December 31 Debit Credit Cash 1,500 2,000 100 1,600 2,800 15,000 Accounts Receivable Interest Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Payable Income Taxes Payable Unearned Rent Fees Common Stock Retained Eamings Dividends 3,000 2,400 3,920 2,700 500 5,000 2,700 Rent Fees Earned 37,000 Retained Earnings 2,700 Dividends 2,000 Rent Fees Earned Furniture Rental Revenue 37,000 1,200 100 Interest Revenue Wages Expense Depreciation Expense 19,000 1,800 Utilities Expense 320 Insurance Expense 700 Maintenance Expense Income Tax Expense 9,000 2,700 58,520 58,520 Prepare the entry required to close the revenue and expense accounts at the end of the period. If an an Dec. 31 58,520 58,520 Prepare the entry required to close the revenue and expense accounts at the end of the period. If an amount box does not require an entry leave tak Dec. 31 ill