Question 6 of 8 < View Policies -15 E Current Attempt in Progress Sheffield Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2021: Accounts payable 13,500 Income tax payable $ 4,500 Accounts receivable 28,400 Insurance expense 3,700 Accumulated depreciation-equipment 5,500 Prepaid insurance 2,400 Cash 18,400 Rent expense 6,300 Common shares 20,000 Retained earnings 21,100 Depreciation expense 4,500 Salaries expense 45,600 Dividends declared 2.100 Salaries payable 2,800 Equipment 23,100 Supplies 1,100 Fees earned 90,500 Supplies expense 4,200 Income tax expense 4.500 Utilities expense 2,400 Prepare the closing journal entries. (List all debit entries before credit entries. Credit account tittles 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.)