Journal Entry for Expense Closing Entries Time Period Month 3 Entry Number HBS072 Journal Entry for Dividend Account Close Out \begin{tabular}{l|l|l} Time Period Month 3 Entry Number HBSO72 \end{tabular} + Add New Row Business License Expense (\$1B0) Insurance Expense ($3,000) office Supplies Expense (\$600) Payroll Expense ($10,400) Rent Expense (\$14,640) Repairs and Maintenance ($2850) Utilities Expense (5880) Operating Income $11,826 Other Income - Gain on Sale $300 interest Expense (5250) Earnings Before Taxes $11,876 income Taxes ($1,675) Net income $10,201 Total Revenue Rental Revenue $73,008 Sales Revenue $34,788 $38,220 Cost of Goods Sold (520,472) Gross Profit 552,536 Total Operating Expenses (540,710) Advertiaing Expense (95,160) Depreciation Expense (93,000) Business License Expense (8100) insurance Expense (93000) office Supplies Expense (0600) Payroll Expense (510.400) Aent Exponse (1) (14) Repairs and Maintertance (52uso) Utiities Expense (taoo) Operating income $11,826 e back Ran Bimulation a Resouices Reading Assal Journal Entry for Revenue Closing Entries Revenue Closing Entries Time Period Month 3 Expense Closing Entries ACCOUNT Dividend Account Close Out Retained Earnings You need to fill out either debit or credit. + Add New Row + Add New Row + Add New Row Totals 0.00 0.00 Wave Gear Trial Balance Month 3 Adjustments /21 vic/Downloads/Taial96200alance\%20100\%20Month\%6203\%20Adjustmentspdf Adjustments.pdi