sandhill company shows the following balances in selected accounts of its adjusted trial balance. Supplies: $31,400 Supplies expense: 5,200 Accounts receivable: 12,400 Dividends: 22,400 Retained earnings: 78,000 Service revenue: $115,000 Salaries and wages expense: 36,700 Utilities expense: 8000 Rent expense:17,100 Journalize the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Sandhill Company shows the following balances in selected accounts of its adjusted trial balance. Journalize the closing entries at December 31. (Credit account titles are automatically indented when amount is manually.) Income Summary (To close expenses to income summary) Dec. 31 Income Summary Retained Earnings (To close net income to retained earnings) Dec. 31 Retained Earnings Dividends (To close dividends to retained earnings)