The year-end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances: retained earnings. $235.000; dividends. $18,000, sales revenue, $820,000, cost of goods sold. $520,000 salaries expense. $195,000: rent expense, $43.000, and interest expense, $18,000. 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