Closing Entries On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended December 31 for Boles Athletic Company, journalize the four closing entries. Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Rent Expense Depreciation Expense Supplies Expense Miscellaneous Expense Date $ 30.000 45,200 5,000 169,900 $32,000 12,500 40,000 31,600 47,000 510,000 244,500 48,000 25,000 9,500 2,000 $626.100 $626.100 Description Debit Credit