A 1 B D E F G H J K L M The Beep-Beep Alarm Company provides security services in Bloomington, IL. At the year end 2019, after adjusting entries have been made, the following list of account balances is prepared. (12 pts total) Service Revenue Salaries Expense is is es 2345 $ 612,900 $ 148,250 6 Rent Expense $ 27,600 7 Utilities Expense $ 8 Supplies Expense $ 9 Income Tax Expense $ 10 11 Retained Earnings $ Dividends ssssssssss 48,800 51,900 30,800 305,550 $ 6,000 234 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 1. Prepare the closing journal entry to close the revenue account on December 31st. Date Credit Account Debit 2. Prepare the closing journal entry to close the expense account on December 31st. Date Account Debit Credit 27 28 29 3. Income Summary is an account used to indicate consideration of all revenues and expenses as one value for a closing entry. Prepare the closing journal entry on December 31st to close Income Summary if the company used this as a single account rather than individually closing revenues and expenses. Hint: this means the company did not individually complete #1 and #2 but the outcome should be the same. 30 Date 31 32 33 34 35 36 Date 37 Account Debit Credit 4. Prepare the closing journal entry to close the Dividend Account on December 31st. Account Debit Credit