Remaining Time: 13 minutes, 11 seconds. Question Completion Status: Moving to the next question prevents changes to this answer. Question 11 Preparing closing entries by using the adjusted trail balance below: Record the entries as the following example (Use the space key on your computer to indent): Dr. Sugar xx Cr. Salt XXX Account Titles Debit Credit Cash 18,000 Accounts receivable 7,000 Supplies 16,000 Prepaid insurance 4,000 Equipment 23,000 Accumulated depreciation--Equipment 6,500 Accounts payable Wages payable 1,000 Taxes payable Common stock 14,000 Retained earnings 25,000 Dividends 4,000 Sales revenues 40,000 Sales discount 500 Sales returns and allowances Cost of goods sold 1,200 Depreciation expense-Equipment 2,000 Wages expense 7,000 Insurance expense 2,500 2,000 500 300 Q Search or type VRL +