eBook xercise 3 Supp-1 reparation of Closing Entries lamilton Realty Company, Inc.'s income statement ntries. accounts at the end of its fiscal year, December 31, follow. Hamilton paid dividends of $5,000 during the year. Prepare the required closing Account name Commission Revenue Wages Expense Rent Expense Supplies Expense Insurance Expense Depreclation Expense-Office Equipment Debit Credit $25,620 $8,110 1,200 4,260 915 ,345 Total Expenses Net Income 15,830 9,790 For a compound transaction, if an amount box does not require an entry, leave it blank Dec. 31 To close the revenue account