The adjusted trial balance of Karise Repairs on December 31 follows. KARISE REPAIRS Adjusted Trial Balance December 31 Number Account Title 101 Cash 124 Office supplies 128 Prepaid insurance 167 168 201 Equipment Accumulated depreciation-Equipment Accounts payable 210 Wages payable 307 Common stock 318 Retained earnings 319 403 Dividends Services revenue 612 Depreciation expense-Equipment 623 Wages expense 637 Insurance expense 640 Rent expense 650 690 Office supplies expense Utilities expense Totals Debit Credit $ 127,000 1,100 2,400 58,000 $ 5,800 16,000 1,200 19,000 32,000 16,500 193,900 5,800 38,000 700 11,500 4,200 2,700 $ 267,900 $ 267,900 Note: Retained Earnings account balance was $32,000 on December 31 of the prior year. Journal entry worksheet 1 2 3 4 Record the entry to close the revenue account(s). Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 Record the entry to close the expense account(s). Note: Enter debits before credits. Date December 31 General Journal Debit Credit ces Journal entry worksheet > 1 2 3 4 Record the entry to close the Income summary account. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 Record the entry to close the dividends account. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal