The adjusted trial balance of antoine corporation at december 31 shows that sales revenue for the year was $ 535 comma 000 and other revenue was $ 41 comma 000. cost of goods sold for that same period was $ 305 comma 000, while other expenses totaled $ 225 comma 000. the corporation declared and paid dividends of $ 20 comma 000 during the year. the balance of retained earnings before closing entries was $ 485 comma 000. read the requirements 1. prepare the closing entries for revenues, expenses, and dividends for the year. (record debits first, then credits. exclude explanations from any journal entries.) begin by recording the entry to close out the revenue accounts. journal entry date accounts debit credit dec 31 sales revenue 535,000 other revenue 41,000 retained earnings 576,000 close out the expense accounts. journal entry date accounts debit credit dec 31 ▼ cost of goods sold other expenses