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Knowledge Check 01 The company's adjusted trial balance includes the following accounts balances Cash, $15,000,...

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Knowledge Check 01 The company's adjusted trial balance includes the following accounts balances Cash, $15,000, Equipment, $85,000, Accumulated Depreciation, $25,000, Accounts Payable, $10,000; Retained earnings, $63,500, Dividends, $2,000, Sales, $56,000 Sales Returns and Allowances, $3,000 Sales Discounts, $1,500, Depreciation Expense, $25,000 and Salaries Expense, $23,000 All accounts have normal balances Prepare the second closing entry by selecting the account names from the pull down menus and entering dollar amounts in the debit and credit columns View transaction list Journal entry worksheet The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated Depreciation, $25,000; Accounts Payable, $10,000; Retained earnings L $63,500. Dividends' $2,000, sales, $56,000, Sales Returns and Allowances Note: Enter debits before credits Debit Credit General Journal Dec.31 Record entry Clear entry View general journal

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