During Year $6,$ Pacilio Security Services experienced the following transactions:

Paid the salaries payable from Year $5.$

On March $1,$ Year $6,$ Pacilio established a $$100$ petty cash fund to handle small expenditures.

Paid $$4,800$ on March $1,$ Year $6,$ for a one$-$year lease on the company van in advance.

Paid $$7,200$ on May $2,$ Year $6,$ for one year$’$s office rent in advance.

Purchased $$400$ of supplies on account.

Purchased $100$ alarm systems for $$28,000$ cash during the year.

Sold $102$ alarm systems for $$57,120.$ All sales were on account.

Record the cost of goods sold related to the sale from Event $7$ using the FIFO method.

Paid $$2,100$ on accounts payable during the year.

Replenished the petty cash fund on August $1.$ At this time, the petty cash fund had only $$7$ of currency left. It contained the following receipts: office supplies expense, $$23$; cutting grass, $$55$; and miscellaneous expense, $$14.$

Billed $$52,000$ of monitoring services for the year.

Paid installers and other employees a total of $$25,000$ cash for salaries.

Collected $$89,300$ of accounts receivable during the year.

Paid $$3,600$ of advertising expense during the year.

Paid $$2,500$ of utilities expense for the year.

Paid a dividend of $$10,000$ to the shareholders.

Adjustments

There was $$160$ of supplies on hand at the end of the year.

Recognized the expired rent for both the van and the office building for the year. $($The rent for both the van and the office remained the same for Year $5$ and Year $6.)$

Recognized the balance of the revenue earned in Year $6$ where cash had been collected in Year $5.$

Accrued salaries at December $31,$ Year $6,$ were $$1,400.$

The following information is available for the bank reconciliation:

$(1)$ Checks written but not paid by the bank, $$8,350.$

$(2)$ A deposit of $$6,500$ made on December $31,$ Year $6,$ had been recorded but was not shown on the bank statement.

$(3)$ A debit memo for $$55$ for a new supply of checks. $($Hint: Use Office Supplies Expense account.$)$

$(4)$ A credit memo for $$30$ for interest earned on the checking account.

$(5)$ An NSF check for $$120.$

$(6)$ The balance shown on the bank statement was $$80,822.$

Question #$1$

Record the closing entry for the revenue accounts in a general journal

Question #$2$

Record the closing entry for the expense accounts in a general journal

Question #$3$

Record the closing entry for dividends account in a general journal