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table[[Account Title,Debits,Credits],[Retained earnings,,89,000],[Sales revenue,,840,000],[Interest revenue,,7,500],[Cost of goods sold, $465,000 ,],[Salaries expense,190,000,],[Rent expense,24,000,],[Depreciation expense,39,000,],[Interest expense,5,900,],[Insurance expense,6,900,]] Required: Prepare the necessary closing entries on December 31,2024.

\ \\\\table[[Account Title,Debits,Credits],[Retained earnings,,89,000],[Sales revenue,,840,000],[Interest revenue,,7,500],[Cost of goods sold,

$465,000

,],[Salaries expense,190,000,],[Rent expense,24,000,],[Depreciation expense,39,000,],[Interest expense,5,900,],[Insurance expense,6,900,]]\ Required:\ Prepare the necessary closing entries on December 31,2024.\ Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.\ Journal entry worksheet\ 12\ Record the entry to close the revenue accounts.\ Note: Enter debits before credits.

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Required: Prepare the necessary closing entries on December 31,2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entrv worksheet

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