losing entry) 3. Using the following trial balance, prepare closing entries: 16 points (4 points per e Cash 6,400 10,200 46,500 3, 600 800 108,000 Accounte receivable Merchandise inventory office aupplies Prepaid Advertiaing Equipment Accumulated depreciation, equipment 12,000 Land 28,500 Accounts payable 4, 650 2,750 850 24,000 46,000 110,400 salaries payable Rent payable Long-term notes payable Common Stock Retained Earnings Dividends Service Revenue Coat of Goods Sold Rent expense 24,000 169,200 Advertising expense Office supplies expense 47,250 18,900 27,000 41,200 Depreciation expense, buiiding Totals 369 850 $369 850 DateAccounts Debit Credit (To close out revenues To close out expenses) 12/31 (To close out income summary) 12/31 To close out dividends)