Instructions: Below is adjusted trial balance for the month FOLLOWING the previous journal entries. Use these balances to write the closing entries on the tab labeled General Journal CLOSING. The balances below are NOT related and should not be used as check figures for normal and adjusting journal entries from August. Adjusted Trial Balance Dr. Acct. No. Account Title Cr. 100 Cash 372.840.00 102 Accounts Receivable 755,400.00 103 Allowance for Doubtful Accounts 19,816.00 104 Merchandise Inventory 346,350.00 105 Estimated Returns Inventory 43,541.00 106 Office Supplies 2,465.00 107 Prepaid Insurance 10,500.00 120 Investments - Trading 60,000.00 121 Investments - Available for Sale 26,450.00 Investments - Held to Maturity 40,005.00 122 123 Valuation Allowance 35,000.00 140 Land 1,000,600.00 145 Building 2,146,167.00 146 Accumulated Depreciation - Building 1,500,000.00 151 Equipment 61,000.00 152 Accumulated Depreciation - Equipment 30,000.00 153 Office Furniture 22,500.00 154 Accumulated Depreciation - Office Furniture 4,500.00 201 Accounts Payable 904,850.00 202 Wages Payable 203 Interest Payable 204 Dividends Payable 31,200.00 205 Unearned Rent 4,000.00 206 Customer Refunds Payable 29,027.00 250 Notes Payable 212,000.00 251 Bonds Payable 400,000.00 252 Premium on Bonds Payable Discount on Bonds Payable 253 252 Mortgage (Warehouse) Payable 198,000.00 300 Common Stock, $1 Par, 100,000 Authorized; 65,500 shares Issued/Outstanding 65,500.00 301 Paid In Capital - Excess of Par 396,000.00 330 Retained Earnings 38,500.00 131,200.00 Cash Dividends Treasury Stock Unrealized (Gain) Loss Available for Sale Securities 18,000.00 341 500 Sales 1,802,360.00 600 Cost of Goods Sold 482,159.00 700 Wage Expense (hourly workers) 9,500.00 701 Salaries Expense (Exempt Staff) 29,000.00 702 Marketing Expense 75,000.00 703 Travel and Entertainment Expense 925.00 704 Bad Debt Expense 9,816.00 Property Tax Expense 705 706 Office Maintenance & Repair Expense 707 Legal Expenses 5,000.00 708 Insurance Expense 3,500.00 709 Utilities Expense 710 Office Supplies Expense 735.00 711 Telecommunications Expense 100.00 712 6,000.00 Depreciation Expense - Equipment Depreciation Expense - Office Furniture 713 1,500.00 800 Rent Income 2,000.00 801 Unrealized Gain - Trading Securities 6,000.00 802 Realized Gain - Investment Securities 18,000.00 900 12,500.00 Interest Expense Junrealized Loss - Trading Securities 15,000.00 901 902 Realized Loss - Investment Securities 9,000.00 Total 5,696,753.00 5,696,753.00 Net Income (Loss) Total Difference September Month-end CLOSING ENTRIES: Instructions: Closing entries are NOT related to rest of part 1. They are completely separate. Please write the TWO September month end closing entries. Use end of month as date. List debits before credits, skip a line between each entry, and only use account titles from the adjusted trial balance - CLOSING tab. That's it! Part 1 is complete after finishing closing entries. Give yourself a pat on the back! 9/30 (A) Close ALL revenue and expense accounts WITH a balance to retained earnings. 9/30 (B) Close cash dividends to retained earnings Page 1