Solution-Journalize the closing entries

Journalize the closing entries

Reference no: EM132221384

Closing Process Question - The following accounts were extracted from the trial balance of J. O'Brien Real Estate at May 31, 2018. Please journalize the closing entries.

Accounts payable	1,200
Accounts receivable	19,500
Cash	182,800
Depreciation expense	1,000
Insurance expense	2,000
Interest Revenue	2,000
Office equipment	33,300
Office supplies	3,300
Dividends	6,300
Common Stock	220,000
Prepaid insurance	4,700
Rent expense	17,500
Salaries expense	13,000
Commission revenue	57,800
Supplies expense	1600
Unearned revenue	4,000

Reference no: EM132221384

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Journalize the closing entries

Reference no: EM132221384

Reference no: EM132221384

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