Closing Entries (15 points) e trial balance for Coleman Suppliers for the year ended December 31,2017, is shown below. Adjusted Trial Balance on December 31,2017 Cash Accounts Receivable Merchandise Inventory Equipment Accounts Payable Salaries and Wages Payable Capital Stock Retained Earnings Dividends Sales Revenue Debits Credits 16,350 54,500 3,580 80,700 1,510 .150 401,280 Sales Discounts Cost of Goods Sold Insurance Expense Interest Expense 88,000 50,900 83 31,600 17,700 98,700 Rent Expense Salaries and Wages Expense Totals 493200 S 493200 Instructions: Prepare the closing entries at December 31 for the current year Date Credits Debits Account Titles and Explanations