The year-end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances: retained earnings, $275,000; dividends, $34,000; sales revenue, $900,000; cost of goods sold, $600,000; salaries expense, $165,000; rent expense, $40,000; and interest expense, $26,000. 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 1 2 3 > Record the entry to close the revenue accounts using the retained earnings account. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal