prepare the closing entries for the year ended December 31.The retained earnings account balance was 140,000 at December 31 of the prior year

[The following information applies to the questions displayed below) The following adjusted trial balance at December 31 of Wilson Trucking Company Credit Debit $ 8,000 17,500 B, 800 172,000 $ 36,000 85,000 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 12,000 4,899 58,000 30,999 140,000 20,000 130,00 23,500 IN 61,000 8,000 12,000 $ 410,000 $ 410,000 Prepare the closing entries for the year ended December 31. The Retained Earnings account balance was $140,000 at December 31 of the prior year. Journal entry worksheet 2 4 > Prepare the entry to close the revenue accounts). Note: Enter de lills before credits Date General Journal December 31