Consider the following selected accounts from the records of Sunnydale Enterprises at December 31, 2018: (Click the icon to view the selected accounts and balances.) Read the requirement Begin by preparing the closing entries for Sunnydale Enterprises. Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Data Table (1) Dec 31 Cost of services sold $ 14,200 Service revenue S 32,000 4,500 Accumulated depreciation ..... Selling, general, and 100 administrative expenses 41,000 Depreciation expense ... Other revenue 6,300 Dividends declared ..... Income tax expense .... 2,500 Income tax payable .... 800 Retained eamings, 500 Requirement December 31, 2017 800 Print Done 1. Prepare the closing entries for Sunnydale Enterprises at December 31, 2018. How much net income did Sunnydale Enterprises earn during 2018? Prepare a T-account for Retained Earnings to show the December 31, 2018, balance of Retained Earnings. Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts remaining Clear All Check