Closing Dividends and Preparing a Post-Closing Trial Balance A listing of account balances taken from the adjusted ledger account balances of Contemporary Literature Enterprises shows the following: Completing the Accounting Cycle Chapter 4 169 Cash $ 63,710 Salaries Payable. Accounts Receivable 154,230 Taxes Payable. Prepaid Insurance. 10,070 Unearned Rent Land 430,800 Mortgage Payable Accounts Payable. 68,540 Capital Stock Notes Payable. 92,000 Dividends.. Retained Earnings $ 27,100 36,990 18,400 190,500 130,000 55,000 150,280 All revenue and expense accounts have been closed to Retained Earnings. Dividends has not yet been closed. 1. Prepare the closing entry for Dividends. 2. Prepare a post-closing trial balance for December 31, 2017