In: Accounting
Blossom Company shows the following balances in selected accounts of its adjusted trial balance.
Supplies $37,760
Supplies Expense 7,080
Accounts Receivable 14,160
Dividends 25,960
Retained Earnings 82,600
Service Revenue 127,440
Salaries and Wages Expense 47,200
Utilities Expense 9,440
Rent Expense 21,240
Prepare the remaining closing entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)