• • 1. The supplies available at the end of fiscal year 2013 had a cost of $3,300.
  • 2. The cost of expired insurance for the fiscal year is $3,800.
  • 3. Annual depreciation on equipment is $8,400.
  • 4. The June utilities expense of $650 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $650 amount owed needs to be recorded.
  • 5. The company's employees have earned $1,800 of accrued wages at fiscal year-end.
  • 6. The rent expense incurred and not yet paid or recorded at fiscal year-end is $500.
  • 7. Additional property taxes of $1,000 have been assessed for this fiscal year but have not been paid or recorded in the accounts.
  • 8. The long-term note payable bears interest at 12% per year. The unadjusted Interest Expense account equals the amount paid for the first 11 months of the 2013 fiscal year. The $250 accrued interest for June has not yet been paid or recorded. (The company is required to make a $5,000 payment toward the note payable during the 2014 fiscal year.)
Question:

	Prepare the closing entries.
	Closing entries (all dated June 30, 2013):

• 1. Close revenue account(s).
• 2. Close expense accounts.
• 3. Close income summary account.
• 4. Close withdrawals account.