A. Journalize the closing entries. (Please note that pages 1, 2, and 3 show the transactions and adjusting entries that were recorded in Continuing Problems 2 and 3.) Refer to the Chart of Accounts for exact wording of account titles.

Instructions ACCOUNT TITLE DEBIT CREDIT 1 Cash 9,945.00 2 Accounts Receivable 4,150.00 275.00 2.475.00 7,500.00 50.00 3 Supplies 4 Prepaid Insurance 5 Office Equipment 6 Accumulated Depreciation Office Equipment 7 Accounts Payable 8 Wages Payable 9 Unearned Revenue 10 Common Stock 8,350.00 140.00 3,600.00 9,000.00 11 Dividends 1,750.00 21,200.00 2,940.00 2,550.00 1,375.00 1,215.00 12 Fees Earned 13 Wages Expense 14 Office Rent Expense 15 Equipment Rent Expense 16 Utilities Expense 17 Music Expense 13 Advertising Expense 19 Supplies Expense 20 Insurance Expense 21 Depreciation Expense 3,610.00 1,500.00 925.00 225.00 50.00 22 Miscellaneous Expense 1,855.00 23 Totals 42,340.00 42,340.00 Chart of Accounts CHART OF ACCOUNTS PS Music General Ledger ASSETS 11 Cash 12 Accounts Receivable REVENUE 41 Fees Earned 14 Supplies EXPENSES 50 Wages Expense 15 Prepaid Insurance 17 Office Equipment 18 Accumulated Depreciation Office Equipment 51 Office Rent Expense LIABILITIES 21 Accounts Payable 22 Wages Payable 52 Equipment Rent Expense 53 Utilities Expense 54 Music Expense 55 Advertising Expense 56 Supplies Expense 57 Insurance Expense 58 Depreciation Expense 59 Miscellaneous Expense 23 Unearned Revenue EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary Labels and Amount Descriptions Labels Cash flows from financing activities Cash flows from investing activities Cash flows from operating activities Current assets Current liabilities Expenses For the Two Months Ended July 31, 2018 July 31, 2018 Property, plant, and equipment Amount Descriptions Change in retained earnings Net decrease in cash during June and July Net increase in cash during June and July Net income Net loss Retained earnings, June 1, 2018 Retained earnings, July 31, 2018 Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total stockholders' equity Journal 3. A. Journalize the closing entries. (Please note that pages 1, 2, and 3 show the transactions and adjusting entries that were recorded in Continuing Problems 2 and 3.) Refer to the Chart of Accounts for exact wording of account titles. Question not attempted. PAGE 1 PAGE 2 PAGE 3 PAGE 4 JOURNAL Score: 0/226 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Closing Entries 2 3 5 6 7 8 9 10 11 12 13 15 16 17 18