The adjusted trial balance for Benson Company at December 31, 2024 is presented below: Accounts Debit...

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The adjusted trial balance for Benson Company at December 31, 2024 is presented below: Accounts Debit Credit Cash $ 12,000 Accounts receivable Prepaid rent Supplies 167,000 6,000 35,000 Equipment 340,000 Accumulated depreciation Accounts payable Salaries payable Interest payable Notes payable - due in two years. Common stock Retained earnings Dividends Service revenue Salaries expense Advertising expense Rent expense $ 134,000 11,000 3,400 1,300 23,000 186,000 72,000 18,000 36,000 2,000 37,000 $ 934,000 934,000 Prepare the closing entries for Benson Company for the year ended December 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Depreciation expense Interest expense Utilities expense Totals 24,000 180,000 140,300 440,000 The adjusted trial balance for Benson Company at December 31, 2024 is presented below: Accounts Debit Credit Cash $ 12,000 Accounts receivable Prepaid rent Supplies 167,000 6,000 35,000 Equipment 340,000 Accumulated depreciation Accounts payable Salaries payable Interest payable Notes payable - due in two years. Common stock Retained earnings Dividends Service revenue Salaries expense Advertising expense Rent expense $ 134,000 11,000 3,400 1,300 23,000 186,000 72,000 18,000 36,000 2,000 37,000 $ 934,000 934,000 Prepare the closing entries for Benson Company for the year ended December 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Depreciation expense Interest expense Utilities expense Totals 24,000 180,000 140,300 440,000

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