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create the closing journal entries ffrom this trial balance debit credit cash 54,650 accounts receivable 28,750 prepaid insurance 8,000 land 22,000 accounts payable 14,300 salaries

create the closing journal entries ffrom this trial balance

debit credit

cash 54,650

accounts receivable 28,750

prepaid insurance 8,000

land 22,000

accounts payable 14,300

salaries payable 4,250

common stock 50,000

retained earnings 38,900

dividends 36,000

service revenue 257,350

insurance expense 32,000

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