FINANCIAL ACCOUNTING CLOSING ENTRIES WORKSHEET NAME DIRECTIONS: From the following adjusted trial balance, journalize the closing entries on August 31, 2018. BILL'S BURGERS ADJUSTED TRIAL BALANCE DEBITS CREDIDS $16,000 Accounts Receivable 12,000 Prepaid Insurance6,000 Kitchen Equipment 78,000 Accum. Depr-Kit. Eq Accounts Payable Wages Payable Common Stock Retained Earnings s 3,000 1,800 Income Summary Wages Expense Rent Expense Supplies Expense Insurance Expense 32,000 10,000 5,000 1,400 Miscellaneous Expense 1,000 $183,200 $183,200