Closing Dividends and Preparing a Post-Closing Trial Balance A listing of account balances taken from the adjusted ledger account balances of Contemporary Literature Enterprises shows the following: Cash $ 63,710 Salaries Payable $ 27.100 Accounts Receivable 154,230 Taxes Payable 36.990 Prepaid Insurance 10,070 Unearned Rent 18,400 Land 430,800 Mortgage Payable 190,500 Accounts Payable 68,540 Capital Stock 130,000 Notes Payable 92,000 Dividends 55,000 Retained Earnings 150.280 All revenue and expense accounts have been closed to Retained Earnings. Dividends has not yet been closed. 1. Prepare the closing entry for Dividends. 2. Prepare a post-closing trial balance for December 31, 2017