CALCULATOR PRINTER VERSION 4 BA NEXT OURCES Exercise 4-20 Selected year-end account balances from the adjusted trial balance as of December 31, 2017, for Novak Corp. is provided below. Debit Credit $88,570 32,090 16,100 259,620 111,140 Accounts Receivable Dividends Dep on Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreclation-Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense by Study $64,660 140,060 27,940 224,240 7,560 4,390 75,400 1,710 Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 service Revenue 224,240 Rent Revenue 7,560 Income Summary 231,800 To close revenue account) Dec. 31 Income Summary