1. On the basis of the following data taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for the year ended March 31 for Banes Domino's Corporation, journalize the two closing entries.

   Banes Domino's Corporation
   Adjusted Trial Balance
   March 31
   	Debit	Credit
   Cash	30,000
   Accounts Receivable	45,200
   Supplies	5,000
   Equipment	169,900
   Accumulated Depreciation		32,000
   Accounts Payable		12,500
   Common Stock		51,600
   Retained Earnings		20,000
   Dividends	47,000
   Fees Earned		510,000
   Salary Expense	244,500
   Rent Expense	48,000
   Depreciation Expense	25,000
   Supplies Expense	9,500
   Miscellaneous Expense	2,000
   	626,100	626,100

   If an amount box does not require an entry, leave it blank.

   Mar. 31
   Mar. 31