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Discuss hamilton paid dividends

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Hamilton Realty Company, Inc.'s income statement accounts at the end of its fiscal year, December 31, follow. Hamilton paid dividends of $5,000 during the year. Prepare the required closing entries.

Account name Debit Credit
Commission Revenue   $25,620
Wages Expense $8,110  
Rent Expense 1,200  
Supplies Expense 4,260  
Insurance Expense 915  
Depreciation Expense - Office Equipment 1,345  
    Total Expenses   15,830
Net Income  

mce_markernbsp; 9,790

Reference no: EM131754938

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