normal account balances to journalize closing enties.

Dividends

sales

sales returns and allowances

Sales discounts

Cost of goods sold

sales salaries expense

utilities expense

selling expenses

Adninistrative expenses

$$40,000$

$557,000$

$10,900$

$5,700$

$226,000$

$55,000$

$18,500$

$39,500$

$112,000$

Journal entry worksheet

$1$

$2$

$3$

$4$

Record closing of credit balances in temporary accounts.

Note: Enter debits before credits.