Seminoles Corporations fiscal year-end is December 31, 2018. The following is a partial adjusted trial balance as of December 31.

Accounts	Debit			Credit
Retained Earnings				$	19,000
Dividends	$	1,900
Service Revenue					39,000
Interest Revenue					4,900
Salaries Expense		13,900
Rent Expense		4,900
Advertising Expense		1,900
Depreciation Expense		9,900
Interest Expense		3,900

Required:

1. Prepare the necessary closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Record the entry to close the revenue accounts.

Record the entry to close the expense accounts.

Record the entry to close the dividends account.