Finish attempt ... Question 2 Not complete Marked out of 12.00 P Flag question Closing Entries The adjusted trial balance prepared as of December 31, for Phyllis Howell & Company, Consultant, contains the following revenue and expense accounts: Debit Credit Service Fees Earned $80,600 Rent Expense $21,100 Salaries Expense 46,000 Supplies Expense 5,900 Depreciation Expense 10,500 Retained Earnings 67,300 Dividends 9,300 Prepare journal entries to close the accounts directly to Retained Earnings. After these entries are posted, what is the balance in the Retained Earnings account? General Journal Description Debit Credit Date Dec.31 To close the revenue account. Dec.31 Rent Expense Salaries Expense Supplies Expense To close the expense accounts. Dec.31 To close dividends account. Balance in Retained Earnings at December 31 $ 0