Credit $ Debit 1,290 2,600 2,900 3,600 15,000 $ 3,800 6,020 1,300 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long- term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense 3,500 720 3,000 1,240 360 47,430 360 22,800 1,900 4,820 2,000 6,600 3,500 Total $ 67,370 $67,370 Prepare closing journal entries on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. No Date General Journal Debit Credit Dec 31 Sales Revenue 47,430 360 Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense 22,800 1,900 4,820 2,000 6,600 3,500 Dec 31 360 Retained Earnings Dividends ys 360