Alert Security Services Co. offers security services to business clients.

Based on the end-of-period spreadsheet, prepare the closing entries for Alert Security Services Co.

Alert Security Services Co.

End-of-Period Spreadsheet

For the Year Ended October 31, 2018

1		Adjusted	Adjusted
2		Trial Balance	Trial Balance	Income Statement	Income Statement	Balance Sheet	Balance Sheet
3		Debit	Credit	Debit	Credit	Debit	Credit
4	Cash	13.00
5	Accounts Receivable	108.00
6	Supplies	8.00
7	Prepaid Insurance	2.00
8	Land	184.00
9	Equipment	50.00
10	Accumulated Depreciation-Equipment		7.00
11	Accounts Payable		34.00
12	Wages Payable		2.00
13	Common Stock		50.00
14	Retained Earnings		196.00
15	Dividends	6.00
16	Fees Earned		227.00
17	Wages Expense	108.00
18	Rent Expense	15.00
19	Insurance Expense	8.00
20	Utilities Expense	7.00
21	Supplies Expense	2.00
22	Depreciation Expense	2.00
23	Miscellaneous Expense	2.00
24		$516.00	$516.00
25	Net income (loss)

CHART OF ACCOUNTS

Alert Security Services Co.

General Ledger

	ASSETS
11	Cash
12	Accounts Receivable
13	Supplies
14	Prepaid Insurance
15	Land
17	Equipment
18	Accumulated Depreciation-Equipment

	LIABILITIES
21	Accounts Payable
22	Wages Payable

	EQUITY
31	Common Stock
32	Retained Earnings
33	Dividends
34	Income Summary

	REVENUE
41	Fees Earned

	EXPENSES
51	Wages Expense
52	Rent Expense
53	Insurance Expense
54	Utilities Expense
55	Supplies Expense
56	Depreciation Expense
57	Miscellaneous Expense