View Policies Current Attempt In Progress At March 31, account balances after adjustments for Vizzini Cinema are as follows: Accounts Account Balances (After Adjustment) Cash $11,000 Supplies 4,000 Equipment 50,000 Accumulated Depreciation-Equipment 12,000 Accounts Payable 5,000 Common Stock 6,000 Retained Earnings Dividends 14,000 12,000 Ticket Revenue 65,000 Service Revenue 53,000 Advertising Expense 18,000 Supplies Expense 19,000 Depreciation Expense 4,000 Rent Expense 28,000 Salaries and Wages Expense 24,000 Utilities Expense 5,000 Prepare the closing journal entries for Vizzini Cinema. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) No. Account Titles and Explanation Debit Credit Mar. 31 Service Revenue Ticket Revenu Income Summary (To close revenue account.) Mar. 31 Income Summary Depreciation Ex Salarice and Wages Expens Rent Expens Ulitics Exper Adveritlang expenc Supplies Expens (To close expense accounts) Mar 31 Income Summary Retained Earnings (To transfer net income to retained earnings) Mar 31 Retained Earnings Dividends (To close dividends to retained earnings) Save for Later Last saved 6 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. $3,000 65,000 72,000 20,000 12,000 118,000 10,000 19,000 4,000 20,000 24,000 5,000 20,000 12,000 Attempts: 0 of 1 used Submit Answer