The calendar year-end adjusted trial balance for Blessinger Co. follows: BLESSINGER CO. Adjusted Trial Balance December 31 $112,000 27,000 15,000 9,000 3,300 38,000 Cash Accounts receivable Prepaid rent Prepaid Insurance Office supplies Office equipment Accumulated depreciation-Equipment Building Accumulated depreciation-Building $3,200 288,000 42,000 700,000 Land 25,800 14,500 2,500 72,000 200,000 710,000 Accounts payable Salaries payable Interest payable Long-term note payable Common stock Retained earnings Dividends Service fees earned Salaries expense Insurance expense Rent expense Depreciation expense-Equipment Depreciation expense-Building Totals 200,500 430,800 90,000 5,200 5,000 800 7,000 $1,500,800 S1,500,800 Required: Prepare the required closing entries in proper format (date, descriptions, indentations).
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