After all adjustments have been made, but before the accounts have been closed, the following balances were taken from the ledger:
Accounts payable $40,000
Insurance expense $8,600
Accounts receivable 54,500
Prepaid insurance 5,275
Accumulated Rent expense 21,400
depreciation 83,325
Retained earnings 50,950
Capital stock 50,000
Salaries expense 66,000
Cash 7,150
Salaries payable 150
Depreciation expense 23,500
Service revenue 151,000
Dividends 28,000
Supplies 2,500
Equipment 155,000
Supplies expense 3,500
Required:
Journalize the entries to close the appropriate accounts.