Green Company shows the following balances in selected accounts of its adjusted trial balance.

Supplies $31,000 Service Revenue $108,000

Supplies Expense 6,000 Salaries and Wages Expense 40,000

Accounts Receivable 12,000 Utilities Expense 8,000

Dividends 22,000 Rent Expense 18,000

Retained Earnings 70,000

Prepare the closing entries at December 31 using proper format. Use proper journal entry format; use (DR) for debits and (CR) for credits.