Using the Trial Balance below, prepare the closing entries on the next page: Make sure I can see which accounts and amounts are debits and which accounts and amounts are credits. Be Neat & Organized Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Notes Payable Accounts Payable Interest Payable Unearned Service Revenue Salaries & Wage Payable Common Stock Retained Earnings Dividends Equipment Accumulated Depreciation - Equipment $ Service Revenue Salaries & Wage Expense Supplies Expense Rent Expense Trial Balance Insurance Expense Interest Expense Depreciation Expense Bad Debt Expense $ $ $ $ $ is s $ $ $ $ $ $ $ $ $ $ $ $ Debit 285,000 ? 178,500 $ $ $ 45,000 $ 16,500 $ $ $ 24,000 $ 150,000 $ 75,000 1,500 24,000 $ 18,000 $ 300,000 $ 125,000 $ $ 50,000 $ 138,000 $ ? 45,000 $ 27,000 $ Credit $ 318,000 15,000 $ 1,500 $ 12,000 $ 4,800 $ 4,800 ? ANSWERS - CLOSING ENTRIES A. B.