The adjusted trial balance for Yondel Company at December 31, 2021 is presented below: Credit Debit 59,000 26,000 425,000 Accounts Cash Prepaid rent Land Accounts payable Salaries payable Common stock Retained earnings Dividends Service revenue Salaries expense Rent expense Utilities expense Totals $ 16,000 21,000 260,000 62,000 14,000 340,000 170,000 28,000 27,000 $699,000 $699,000 Prepare the closing entries for Yondel Company for the year ended December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet