Based on the data in Exercise 4-25, prepare the two closing entries for Alert Security Services Co.

Exercise 4-25

Alert Security Services Co. offers security services to business clients. Complete the following end-of-period spreadsheet for Alert Security Services Co.:

Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y7 Adjusted Trial Balance Dr. Income Statement Cr. Balance Sheet Cr. Account Title Gr. Dr. Dr. Cash 12 Accounts Recelvable 103 Supplies Prepald insurance 4 2 Land 190 Equipment Accumulated Depredation 50 36 Accounts Payable Wages Payable Brenda Schultz, Capital Brenda Schultz, Drawing 260 8 Fees Earned 213 Wages Expense Rent Expense 111 12 Insurance Expense Utilittes Expense Supplies Expense Deprecdation Expense Miscellaneous Expense 10 4 3 517 517