The adjusted trial balance for Gott Consultant Corporation at the end of its fiscal year is presented below. Prepare the required closingentries.

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Gott Consultant Corporation Trial Balance December 31, 2011 S 7,275 2,325 585 Accounts Receivable Office Supplies 6,300 Accumulated Depreciation-Office Equipment Automobile Accumulated Depreciation-Automobile Accounts Payable Unearned Consulting Fees Income Taxes Payable Common Stock Retained Earnings Dividends Consulting Fees Earned Office Salaries Expense Advertising Expense Rent Expense Telephone Expense Income Taxes Expense $ 765 6,750 750 1,700 1,500 3,000 10,000 4,535 7,000 31,700 13,500 2,525 2,650 1,600 3,000 $53,950 $53,950