The ledger of Turner Company includes the following accounts with normal balances: Retained Earnings $24,000; Dividends $1,200;

Question:

The ledger of Turner Company includes the following accounts with normal balances: Retained Earnings $24,000; Dividends $1,200; Services Revenue $40,000; Wages Expense $15,000; and Rent Expense $6,000.
Prepare the necessary closing entries from the available information at December 31.