Question: Question 7 Correct any obvious errors in the following closing entries by providing the corrected four corrected closing entries. Assume all accounts held normal account

Question 7 Correct any obvious errors in the following closing entries by providing the corrected four corrected closing entries. Assume all accounts held normal account balances in the Adjusted Trial Balance 1. Dr. Income Summary $75,000 Cr. Service Revenue $75,000 2. Dr. Automobile Expense 58,800 Dr. Insurance Expense $4800 Dr. Salaries Expense $45,000 Dr. Supplies Expense 53,500 Cr. Income Summary 562,100 3. Dr. Retained Earnings $45,222 Cr. Income Summary $45,222 4. Dr. Dividends 56,000 Cr. Retained Earnings $6,000 TT T Arial 3 [12p0

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