Problem 4 Prepare the closing entries for the following accounts GENERAL JOURNAL PAGE 53 DATE P.R. DEBIT CREDIT Drawings Total Revenues Total Expenses 5000 25000 8000 PARTICULARS Closing entries Des 31 31 To Close Expenses just use an account called Expenses To close the revenues just use an account called Revenues Use Capital and Drawings accounts For closing the books 31 31 GENERAL JOURNAL PAGE: Problems Record the daily Journal entry in the Journal for the following Transaction performed on September 23, 2004 Total Daily Cash Sales as per Register 2.200 Cash Float 100 Actual Cash 2.280 DATE PARTICULARS P.R DEBIT CREDIT Ignore GST and PST Include an explanation