Prepare the closing entries. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and ente Date Account Titles and Explanation Dec. 31 Service Revenue Income Summary (To close revenue account.). Dec 31 Income Summary Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Bent Expert Interest Expense (To close expense accounts.) Dec. 31 cane Summary Retained Earning (To close net income/(loss).) Dec. 31 Retained Earnings Dividend Debit Credit $7,000