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I would like some help cross checking if my work for this problem is correct...

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Accounting

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I would like some help cross checking if my work for this problem is correct

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Please let me know if I did this problem correctly or if I need to change anything. Thank you!

American Chip Corporation's reporting year-end is December 31. The following is a partial adjusted trial balance as of December 31, 2024. Required: Prepare the necessary closing entries on December 31, 2024. \begin{tabular}{|c|l|l|l|} \hline Date & \multicolumn{1}{|c|}{ Account Name } & \multicolumn{1}{|c|}{ Debit } & \multicolumn{1}{c|}{ Credit } \\ \hline December 31, 2024 & Sales Revenue & $750,000 & \\ \hline & Interest Revenue & $3,000 & \\ \hline & Income Summary & & $753,000 \\ \hline & & & \\ \hline December 31,2024 & Income Summary & $576,000 & $420,000 \\ \hline & Cost of Goods Sold & & $100,000 \\ \hline & Salaries Expense & & $15,000 \\ \hline & Rent Expense & & $30,000 \\ \hline & Depreciation Expense & & $5,000 \\ \hline & Interest Expense & & $6,000 \\ \hline & Insurance Expense & & \\ \hline & & & \\ \hline December 31, 2024 & Income Summary & $177,000 & \\ \hline & ($753,000$576,000) & & \\ \hline & Retained Earnings & & \\ \hline & & & \\ \hline \end{tabular}

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