Question: Your answer is partially correct. Try again. Carla Vista Co. shows the following balances in selected accounts of its adjusted trial balance. Supplies Supplies Expense

 Your answer is partially correct. Try again. Carla Vista Co. shows
the following balances in selected accounts of its adjusted trial balance. Supplies

Your answer is partially correct. Try again. Carla Vista Co. shows the following balances in selected accounts of its adjusted trial balance. Supplies Supplies Expense Accounts Receivable Dividends Retained Earnings Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense $36,480 6,840 13,680 25,080 79,800 123, 120 45,600 9,120 20,520 Prepare the remaining closing entries at December 31. (If no entry is required, select "No Entry" for automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Service Revenue 123,120 Income Summary 123,120 (To close revenue to income summary) Dec. 31 Income Summary Supplies Expense 6,840 Salaries and Wages Expense 45,600 > Utilities Expense 9,120 Rent Expense 20,520 (To close expenses to income summary) Dec. 31 Income Summary X Retained Earnings (To close net income to retained earnings) Dec. 31 Retained Earnings Dividends 25,080 (To close dividends to retained earnings)

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