Closing Entries The adjusted trial balance shown below is for Bayou, Inc., at December 31: BAYOU, INC. Adjusted Trial Balance December 31 Debit Credit Cash Accounts Receivable Prepaid Insurance Equipment Accum. Depreciation. - Equipment Accounts Payable Common Stock Retained Earnings Cash Dividends Service Fees Earned Miscellaneous Income Salaries Expense Rent Expense Insurance Expense Depreciation Expense - Equipment $3,500 8,000 3,600 75,000 $12,000 600 30,000 14,100 7,500 102,200 4,200 42,800 12,900 1,800 8,000