Kent Expense

Insurance Expense

Depreciation Expense

Prepare the closing entries for the temporary accounts at August $31.($List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

$($To close dividends to retained earnings account$)$The adjusted trial balance for Blue Spruce Company is given below.

Prepare the closing entries for the temporary accounts at August $31.($List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

Debit

Credit

Aug.

$31$

Service Revenue

Income Summary $$

$$

$$

$$

$$

$$

$($To close revenue accounts$)$

Aug.

$31$

$$