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Dowdy Hospital Provides you with the following information: Revenues for 20X2 - $500,000 Expenses for 20X2 - 450,000 Hospital net assets, December 31, 20X1 -

Dowdy Hospital Provides you with the following information:

Revenues for 20X2 - $500,000 Expenses for 20X2 - 450,000 Hospital net assets, December 31, 20X1 - 860,000 Revenue and expense summary - -0-

Prepare closing entries for 20X2 in general journal form.

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