Beachside Realty rents condominiums and furnishings. The adjusted trial balance on December 31 follows:

Beachside Realty

ADJUSTED TRIAL BALANCE

December 31, 20--

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	1,500.00
2	Accounts Receivable	2,000.00
3	Interest Receivable	100.00
4	Prepaid Insurance	1,600.00
5	Notes Receivable (long-term)	2,800.00
6	Equipment	15,000.00
7	Accumulated Depreciation		3,000.00
8	Accounts Payable		2,400.00
9	Accrued Expenses Payable		3,920.00
10	Income Taxes Payable		2,700.00
11	Unearned Rent Fees		500.00
12	Barbara Rose, Capital		7,700.00
13	Barbara Rose, Drawing	2,000.00
14	Rent Fees Earned		37,000.00
15	Furniture Rental Revenue		1,200.00
16	Interest Revenue		100.00
17	Wages Expense	19,000.00
18	Depreciation Expense	1,800.00
19	Utilities Expense	320.00
20	Insurance Expense	700.00
21	Maintenance Expense	9,000.00
22	Income Tax Expense	2,700.00
23	Totals	58,520.00	58,520.00

Required:

	Journalize the entry required to close the revenue and expense accounts at the end of the period. Refer to the Chart of Accounts for exact wording of account titles.
	Journal
Date	Description	Debit	Credit