Prepare the closing journal entry

record entry to close revenue and expenses accounts to retained earnings.

please follow the format of the journal entry worksheet! thank you for the help

Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $13 cash on March 1 using a short term note. b. Purchased land on March 2 for future building site; paid cash, $7. c. Issued additional shares of common stock on April 3 for $31. d. Purchased software on July 4,$12 cash e. Purchased supplies on account on October 5 for future use, \$17. f. Paid accounts payable on November 6, \$14. g. Signed a $30 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $176 on December 8 , including $48 on credit and $128 collected in cash. 1. Recognized salaries and wages expense on December 9,$93 paid in cash. 1. Collected accounts recelvable on December 10,\$32. Data for adjusting journal entries as of December 31 : k. Unrecorded amortization for the year on software, $8. 1. Supplies counted on December 31, 2021, \$11. m. Depreciation for the year on the equipment, $7. n. Interest of \$2 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, \$11. p. Income tax for the year was $9. It will be paid in 2022 7. Prepare the closing joumal entry. (If no entry is required for a transoction/event, select "No Journal Entry Re occount field. Enter your answers in thousands of dollars.) Journal entry worksheet Record entry to close revenue and expense accounts to retained earnings. Notei Enter debits before credits