Crane Company shows the following balances in selected accounts of its adjusted trial balance.

Supplies $23,680

Supplies Expense 4,440

Accounts Receivable 8,880

Dividends 16,280

Retained Earnings 51,800

Service Revenue 79,920

Salaries and Wages Expense 29,600

Utilities Expense 5,920

Rent Expense 13,320

Prepare the remaining closing entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date Account Titles and Explanation

Debit Credit

Dec. 31

enter an account title to close revenue to income summary enter a debit amount enter a credit amount

enter an account title to close revenue to income summary enter a debit amount enter a credit amount

(To close revenue to income summary)

Dec. 31

enter an account title to close expenses to income summary enter a debit amount enter a credit amount

enter an account title to close expenses to income summary enter a debit amount enter a credit amount

enter an account title to close expenses to income summary enter a debit amount enter a credit amount

enter an account title to close expenses to income summary enter a debit amount enter a credit amount

enter an account title to close expenses to income summary

enter a debit amount

enter a credit amount

(To close expenses to income summary)

Dec. 31

enter an account title to close net income to retained earnings

enter a debit amount

enter a credit amount

enter an account title to close net income to retained earnings

enter a debit amount

enter a credit amount

(To close net income to retained earnings)

Dec. 31

enter an account title to close dividends to retained earnings

enter a debit amount

enter a credit amount

enter an account title to close dividends to retained earnings