M4-17 Prepare closing journal entries on December 31. (If no entry is required for a transaction/event, select "No Journal Entry in the first account field.) Answer is not complete. No 1 Date Dec 31 General Journal Debit Credit Sales Revenue 47,430 Rent Revenue 360 Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Retained Earnings Insurance Expense 22,800 1,900 4,820 2,000 6,600 3,500 1,240 2,000