LO 5.1 Use the following Adjusted Trial Balance to prepare the four journal entries

LO 5.1 Use the following Adjusted Trial Balance to prepare the four journal entries required to close the books: Adjusted Trial Balance Cash Prepaid Insurance Fixed Assets Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Automobile Expense Insurance Expense Salaries Expense Supplies Expense Debit $ 22,900 4,000 44,000 22,000 26,500 20,000 122,500 1 ,450 $263,350 Credit $ 40,000 25,000 48,350 150,000 $263,350