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Debit Credit $1,360 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 3,300 3,600 4,300 18,500 $ 5,200 6,720 1,650 4,200 860 3,700 1,520 430 53,730 430 24,200 2,600 5,520 2,700 7,300 4,200 Total $78,010 $78,010 Prepare closing journal entries on December 31. (lf no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 53,730 430 Dec 31Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense 24,200 2,600 5,520 2,700 7,300 4,200