Prepare the closing entries.

W IM 7 Prepaid Insurance 200 # Land 184.00 50.00 700 34.00 Equipment 10 Accumulated Depreciation Equipment 11 Accounts Payable 12 Wages Payable 13 Common Stock 34 Retained Earnings 15 Dividends 2.00 50.00 196.00 6.00 16 Fees Earned 227.00 108.00 15.00 8.00 7.00 17 Wages Expense to Rent Expense 29 Insurance Expense 20 Utilities Expense Supplies Expense 1 Depreciation Expense >> Miscellaneous Expense 200 2.00 200 $516,00 5516.00 34 23 Net income (los) CHART OF ACCOUNTS Alert Security Services Co. General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance EXPENSES 15 Land 17 Equipment 18 Accumulated Depreciation-Equipment 51 Wages Expense 52 Rent Expense 53 Insurance Expense 54 Utilities Expense 55 Supplies Expense 56 Depreciation Expense 57 Miscellaneous Expense