The year-end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances: retained earnings. $310,000, dividends, $48,000, sales revenue, $970,000, cost of goods sold, $670,000, salaries expense, $150,000; rent expense, $47.000; and interest expense. $21,000 Prepare the necessary closing entries. (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 2 3 Record the entry to close the revenue accounts using the retained earings account etter det before credits Transaction General Journal Dobit Credit w Prov 2 Next >