The ledger of ros company contains the following balances: retained earnings 30,000, dividends 2,000, service revenue 50,000, salaries and wages expense 27,000, and supplies expense 7,000.

Prepare the closing entries at December 31.

The ledger of Rios Company contains the following balances: Retained Earnings $30,000, Dividends $2,000, Service Revenue $50,000, Salaries and Wages Expense $27,000, and Supplies Expense $7,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)