Prepare the closing entries for the year ended December 31. The Retained Earning account balance was $143,000 at December 31 of the prior year.

Required information [The following information applies to the questions displayed below.) The following adjusted trial balance at December 31 of Wilson Trucking Company. Credit Debit $ 8,600 18,100 3,600 178,000 $ 36,600 91,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals 13,800 4,600 61,000 33,000 143,000 20,600 136,000 24,100 62,800 8,600 12,600 $ 428,000 $ 428,000 Prepare the closing entries for the year ended December 31. The Retained Earnings account balance was $143,000 at December 31 of the prior year View transaction list Journal entry worksheet 3 Prepare the entry to close the revenue account(s). Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal Prey of 6 Next Journal entry worksheet