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Insurance expense Supplies expense Rent expense 1. The following information is available for Southwest Inc.: Debit Advertising Expense Interest Expense Salaries and Wages Expense Utilities Expense Depreciation Expense Instructions Search Date Enable Editing $ 35,000 Q Search 20,000 7,000 90,000 15,000 19,000 55,000 18,000 7,000 Account Titles and Explanation (a) Using the above information, prepare all the closing entries for Southwest, Inc. (b) What is the ending balance in Retained Earnings? the beginning balance!) Credit $ 50,000 310,000 Ref Debit 99+ Credit (Remember W M Focus