First picture is an explanation of what needs to be done, second picture is the completed worksheet with the adjusted trial balance circled because that is what you will use to do the closing journal entries, and the third picture is a template for the closing journal entries. Let me know if you need any additional information to complete this. Thanks in advance!

14 Prepare the closing journal entries on the sheet found on page 19 to close all temporary accounts (i.e. revenue, contra-revenues, expenses, and cost of goods sold; and close the dividends and income summary accounts). Remember to skip a line between each journal entry M D F H E G ROCKY Ram, Inc. Worksheet 12/31/2020 Adiustments Ref ncome Statement Dr. Cr. Cr. 9) 4) 3) 11 500 3300 400 3,300 Balance Sheet Dr. Cr. 91 540 60 830 104 000 13,000 133,700 1,200 24 300 190 000 48.000 380,000 180,000 12.000 21.000 31.500 12.000 21 1) 500 Adjusted til Balance Dr Cr 91,540 60 830 104,000 13.000 137.000 3300 1,600 400 24,300 190,000 48.000 380.000 180,000 12 000 21 000 31.500 12.000 76 15.000 8200 45.000 400 000 190.000 480.000 14.200 2.319.758 21 200 1273 1.268, 267 747.50 5) 6) 3100 6000 76 6 101 Are Account Titles 1010 Cash 1020 Cash in Savings Account 1030 Accounts Receivable 1035 Aloeance for Doubtful Accounts 1040 Merchandise Inventory 1050 Prepaid Insurance 1060 Supplies 1510 Omice Equipment 1515 Accu Depr - Otice to 1520 Land 7 1530 Building 1535 Accum Depide 2010 Accounts Payable 2020 Wages & Series Payable 2030 Ureamed Rent Revenue 2040 Interest Payable 2050 Income Taxes Payable 2500 Dividends Payable 2700 Notes Payable 2800 Mortgage Notes Payable 3000 Common Stock 28 3800 Retained Earnings 29 3900 Dividends 30 4010 Sales Revenue 4100 Sales Returns and Allowances 32 4150 Sales Discounts 33 5010 Cost of Goods Sold 6000 Wage 6 Salary Expense 35 6010 murance Expense 36 6020 Utes Expense 27 6030 Supplies Expense 18 6049 Depreciation Expenses 39 6050 Depreciation Expense - Equip 6050 Bad Debt Expense 41 7000 interest Expense 42 7100 Prest Revenue 7150 Rent Revet 9000 income Tax Expense 45 Totals 46 15 000 Unduste Balance Dr Cr. Ref 91.540 60 830 104000 1 500 137000 1600 21 000 4) 190.000 47.000 380 000 180 000 11,500 21000 0 6 000 0 8) 0 8.200 45 000 200,000 190,000 480,000 14,200 2.319 758 21200 17 273 1268 267 716.000 5) 3200 3) 76 220 26,000 5.500 11 000 21 9) 5.958 7) 830 6) O 101 TI 15,000 8.200 45.000 400 000 190.000 480,000 200.000 14200 2.319 758 21200 273 268 267 74.500 31.500 400 3.600 76.220 26 000 6.000 500 1.000 11,500 200,000 12.000 76,220 26,000 6.000 12.000 11.500 206,960 11.500 205 950 8) 76 906 906 6,000 6.000 15.000 3.600.064 6.000 15.000 2.416,518 198 2.320.064 2.320,664 1,179,846 1.275,700 Totals 220.664 1.179.46 1.179.846 49 Ret Explanations: 1) Deding Depreciation 51 21 Egipment Depreciation 52 a murance fx A6 E G F Page 4 B Rocky Ram, Inc. Closing Journal Entries 2 3 4 5 6 Acct. Ref. Number Debit Credit Trans. Account Name 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Nov.TB GJ1 GJ2 GL worksheet AJE Financials CJE PostT 14 Prepare the closing journal entries on the sheet found on page 19 to close all temporary accounts (i.e. revenue, contra-revenues, expenses, and cost of goods sold; and close the dividends and income summary accounts). Remember to skip a line between each journal entry M D F H E G ROCKY Ram, Inc. Worksheet 12/31/2020 Adiustments Ref ncome Statement Dr. Cr. Cr. 9) 4) 3) 11 500 3300 400 3,300 Balance Sheet Dr. Cr. 91 540 60 830 104 000 13,000 133,700 1,200 24 300 190 000 48.000 380,000 180,000 12.000 21.000 31.500 12.000 21 1) 500 Adjusted til Balance Dr Cr 91,540 60 830 104,000 13.000 137.000 3300 1,600 400 24,300 190,000 48.000 380.000 180,000 12 000 21 000 31.500 12.000 76 15.000 8200 45.000 400 000 190.000 480.000 14.200 2.319.758 21 200 1273 1.268, 267 747.50 5) 6) 3100 6000 76 6 101 Are Account Titles 1010 Cash 1020 Cash in Savings Account 1030 Accounts Receivable 1035 Aloeance for Doubtful Accounts 1040 Merchandise Inventory 1050 Prepaid Insurance 1060 Supplies 1510 Omice Equipment 1515 Accu Depr - Otice to 1520 Land 7 1530 Building 1535 Accum Depide 2010 Accounts Payable 2020 Wages & Series Payable 2030 Ureamed Rent Revenue 2040 Interest Payable 2050 Income Taxes Payable 2500 Dividends Payable 2700 Notes Payable 2800 Mortgage Notes Payable 3000 Common Stock 28 3800 Retained Earnings 29 3900 Dividends 30 4010 Sales Revenue 4100 Sales Returns and Allowances 32 4150 Sales Discounts 33 5010 Cost of Goods Sold 6000 Wage 6 Salary Expense 35 6010 murance Expense 36 6020 Utes Expense 27 6030 Supplies Expense 18 6049 Depreciation Expenses 39 6050 Depreciation Expense - Equip 6050 Bad Debt Expense 41 7000 interest Expense 42 7100 Prest Revenue 7150 Rent Revet 9000 income Tax Expense 45 Totals 46 15 000 Unduste Balance Dr Cr. Ref 91.540 60 830 104000 1 500 137000 1600 21 000 4) 190.000 47.000 380 000 180 000 11,500 21000 0 6 000 0 8) 0 8.200 45 000 200,000 190,000 480,000 14,200 2.319 758 21200 17 273 1268 267 716.000 5) 3200 3) 76 220 26,000 5.500 11 000 21 9) 5.958 7) 830 6) O 101 TI 15,000 8.200 45.000 400 000 190.000 480,000 200.000 14200 2.319 758 21200 273 268 267 74.500 31.500 400 3.600 76.220 26 000 6.000 500 1.000 11,500 200,000 12.000 76,220 26,000 6.000 12.000 11.500 206,960 11.500 205 950 8) 76 906 906 6,000 6.000 15.000 3.600.064 6.000 15.000 2.416,518 198 2.320.064 2.320,664 1,179,846 1.275,700 Totals 220.664 1.179.46 1.179.846 49 Ret Explanations: 1) Deding Depreciation 51 21 Egipment Depreciation 52 a murance fx A6 E G F Page 4 B Rocky Ram, Inc. Closing Journal Entries 2 3 4 5 6 Acct. Ref. Number Debit Credit Trans. Account Name 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Nov.TB GJ1 GJ2 GL worksheet AJE Financials CJE PostT