Boxboro Auto Repair had the following account balances after adjustments. Assume all accounts had normal balances E. (Click the icon to view the account balances.) 14. Prepare the closing entries for Boxboro at December 31. 15. What is the balance of Retained Earnings after closing entries have been recorded? (Use a T-account to determine the balance.) 14. Prepare the closing entries for Boxboro at December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First we will close the Service Revenue account. Date Accounts and Explanation Debit | Credit Choose from any list or enter any number in the input fields and then continue to the next question. wwntowances after adjustments. Assume all accounts had normal balances Data Table Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Notes Payable (long-term) 1,800 3,100 34,700 1,300 5,800 8,100 Dividends Service Revenue Depreciation Expense-Equipment Salaries Expense Rent Expense Utilities Expense 2,500 1,500 200 400