The company's adjusted trial balance includes the following account balances: Cash, $15,000; Equipment, $85,000: Accumulated Depreciation, $25,000: Accounts Payable, $10,000; Retained earnings. $59,000: Dividends, $2,000; Fees Earned, $56.000; Depreciation Expense, $25.000; and Salaries Expense. $23,000. All accounts have normal balances. Prepare the first closing entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns UPON 2,300 $26,000 (300) 25,700 $42,745 SO 3,785 3,785 33,785 33,785 200 $3,585 Prepaid insurance... Equipment................. Less accumulated depreciation.... Total assets...*********** Liabilities Accounts payable...... Salaries payable.. ..*** Uneamed consulting revenue...... Total liabilities.......... Equity Common stock. Retained eamings..... Total liabilities & Equity........ $ 6,200 210 2,750 9,160 30,000 3,585 $42,745 Knowledge Check 01 The company's adjusted trial balance includes the following account balances: Cash $15,000; Equipment, $85,000: Accumulated Depreciation, $25.000; Accounts Payable, $10,000: Retained earnings. $59,000: Dividends. $2,000; Fees Earned, $56,000 Depreciation Expense, $25,000; and Salaries Expense, $23,000. All accounts have normal balances. Prepare the third closing entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list -earch