DB 3.6 - Closing Entries Presented below are selected account balances (listed in random order) for Savannah Corp. as of December 31st: Bad Debt Expense $ 8,000 Prepaid Advertising 6,000 Salaries Expense 250,000 Allowance for Doubtful Accounts 3,000 Unearned Service Revenue 7.000 Income Tax Expense 55,000 Rent Revenue 15,000 Advertising Expense 24,000 Dividends 14,000 Supplies 4,000 Utilities Expense 32,000 Service Revenue 600,000 Interest Expense 5,000 Cash 20,000 Supplies Expense 12,000 Accounts Receivable 45,000 Required: Prepare the necessary closing entries (in proper journal entry form) on December 31st. (Note: Our textbook discusses closing entries and provides examples on p. 31-32 of Chapter 3.)