Using the Trial Balance below, prepare the closing entries: Make sure / can see which accounts and amounts are debits and which accounts and amounts are credits. Be Neat & Organized Closing Entries Trial Balance Debit Credit Cash $ 285,000 $ Accounts Receivable Allowance for Doubtful Accounts 4,800 Supplies 45,000 $ Prepaid Insurance 16,500 $ Equipment 178,500 Accumulated Depreciation - Equipment 24,000 Notes Payable 150,000 Accounts Payable 75,000 Interest Payable 1,500 Unearned Service Revenue $ 24,000 Salaries & Wage Payable $ 18,000 Common Stock $ 300,000 Retained Earnings 125,000 Dividends 50,000 $ Service Revenue 318,000 Salaries & Wage Expense 138,000 $ Supplies Expense 45,000 $ Rent Expense 27,000 $ Insurance Expense 15,000 $ Interest Expense 1,500 $ Depreciation Expense 12,000 5 Bad Debt Expense 4,800 5 8