Journalize the entires to close the accounts.

PR 4-2B Financial statements and closing entries Obj. 2, 3 The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2018, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows: The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 2018 2 Adjusted Trial Balance 6 Account Title Dr 8 Cash 11,000 9 Accounts Receivable 10 Supplies Prepaid Insurance 12 Land 13 Buildings 28,150 6,350 9,500 75,000 250,000 141 Accumulated Depreciation-Buildings- 15 Equipment 16 Accumulated Depreciation-Equipment 17 Accounts Payable 18 Salaries Payable 19 Unearned Rent 20 Common Stock 21 Retained Earnings 22 Dividends 23 Service Fees 24 Rent Revenue 25 Salaries Expense 26 Depreciation Expense-Equipment 27 Rent Expense 28 Supplies Expense 29 Utilities Expense 30 Depreciation Expense-Buildings 31 Repairs Expense 32 Insurance Expense 33 Miscellaneous Expense 34 117,200 240,000 151,700 33,300 3,300 1,500 25,000 195,000 20,000 468,000 5,000 291,000 17,500 15,500 9,000 8,500 6,600 3,450 3,000 5,450 1,000,000 100 00n