The year-end adjusted trial balance of the Tool and Die Corporation included the following account balances: retained earnings, $305,000; dividends, $46,000; sales revenue, $960,000; cost of goods sold, $660,000; salaries expense, $195,000; rent expense, $46,000, and interest expense, $20,000. Prepare the necessary closing entries. Note: 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 Record the entry to close the revenue accounts using the retained earnings account. Transaction 1 3 Note: Enter debits before credits. Record entry Prev General Journal Clear entry 1 of 16 Next > Debit Credit 2 View general journal