Debit Credit

Cash $4,400

Accounts Receivable 4,500

Office Supplies 2,700

Prepaid Insurance 1,900

Land 13,200

Building 77,000

Accumulated DepreciationBuilding $25,500

Accounts Payable 19,400

Interest Payable 8,000

Salaries Payable 2,200

Unearned Revenue 7,100

Notes Payable (long-term) 37,000

Estrada, Capital 40,000

Estrada, Withdrawals 27,500

Service Revenue 48,300

Insurance Expense 5,000

Salaries Expense 32,900

Supplies Expense 900

Interest Expense 8,000

Utilities Expense 1,800

Depreciation ExpenseBuilding 7,700

Total $187,500 $187,500

QUESTION 11.). Journalize the closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Start by closing revenues.

DATE	ACCOUNTS AND EXPLANATION	DEBIT	CREDIT
JUN. 30	?	?	?
CLOS. (1)	?	?	?
	?	?	?
	?	?	?
	?

Close expenses for the period.

DATE	ACCOUNTS AND EXPLANATION	DEBIT	CREDIT
JUN. 30	?	?	?
CLOS. (2)	?	?	?
	?	?	?
	?	?	?
	?

Close Income Summary.

DATE	ACCOUNTS AND EXPLANATION	DEBIT	CREDIT
JUN. 30	?	?	?
CLOS. (3)	?	?	?
	?	?	?
	?	?	?
	?