Alternate problem C The following adjusted trial balance is for Dream Home Realty Company:

		Debits	Credits
Cash	$	98,000
Accounts Receivable		40,000
Office Equipment		35,000
Accumulated DepreciationOffice Equipment			$14,000
Automobiles		40,000
Accumulated DepreciationAutomobiles			20,000
Accounts Payable			63,000
Capital Stock			75,000
Retained Earnings, beginning			54,700
Dividends		5,000
Commissions Revenue			170,000
Salaries Expense		25,000
Commissions Expense		120,000
Gas and Oil Expense		4,000
Rent Expense		14,800
Supplies Expense		1,400
Utilities Expense		2,000
Depreciation ExpenseOffice Equipment		3,500
Depreciation ExpenseAutomobiles		8,000
	$	396,700	$396,700

Prepare the closing journal entries at the end of the June 30 fiscal year.