Journalize the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Management Services began business on with a capital investment of $82,965. The company manages condominiums for owners (service revenue) and rents space in its own office building (rent revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of are as follows. Management Services Worksheet For the Year Ended Trial Balance Account Titles Dr. Cr. Cash 13,700 Accounts Receivable 28,400 Prepaid Insurance 3,765 Land 66,100 Buildings 126,100 Equipment 58,900 Accounts Payable 12,500 Unearned Rent Revenue 6,000 Mortgage Payable 126,900 Common Stock 82,965 Retained Earnings 53,100 Dividends 22,300 Service Revenue 91,500 Rent Revenue 28,800 Salaries and Wages Expense 42,300 Advertising Expense 21,000 Utilities Expense 19,200 Totals 401,765 401,765 Insurance Expense Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Interest Expense Interest Payable Totals Adjusted Trial Balance Dr. Cr. 13,700 28,400 2,510 66,100 126,100 58,900 12,500 1,500 126,900 82,965 53,100 22,300 91,500 33,300 42,300 21,000 19,200 1,255 6,700 2,900 3,800 10,300 10,300 418,765 418,765 Journalize the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue accounts.) Dec. 31 (To close expense accounts.) Dec. 31 (To close net income.) Dec. 31 (To close dividends.)