Fred's Comer Grocery Adjusted Trial Balance December 31 Dr. Cr. $ 67,500 46,000 60.000 800 16.000 850 20.000 105,630 45.000 550.000 Cash... Accounts receivable....... Merchandise inventory.... Store supplies...... Accounts payable............ Salaries payable..... Common stock...... Retained earnings..... Dividends............. Sales....... Sales returns & allowances.... Sales discounts....... Cost of goods sold.. Sales salaries expense...... Advertising expense......... Store salaries expense.......... Store supplies expense...... Interest expense.............. Totals.............................. 4.500 4.250 382,450 44.000 8.150 24,325 450 5.055 $692.480 $692.480 ........... Prepare the closing entries at December 31 for the current year