The year-end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances: retained earnings, $230,000; dividends, $16,000; sales revenue, $810,000; cost of goods sold, $510,000; salaries expense, $190,000; rent expense, $42,000; and interest expense, $17,000. 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 earnings account. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Sales revenue 810,000 810,000 Journal entry worksheet Record the entry to close the expense accounts using the retained earnings account. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Journal entry worksheet