Problem 6.1A. Consumer Research Associates, owned by Sam Hill, is retained by large companies to test consumer reaction to new products. On January 31, 2016, the firms worksheet showed the following adjustments data: (a) supplies used, $2,340; (b) expired rent, $13,000; and (c) depreciation on office equipment, $4,580. The balances of the revenue and expense accounts listed in the Income Statement section of the worksheet and the drawing account listed in the Balance Sheet section of the worksheet are given below:

Revenue and Expense Accounts
401	Fees Income	$100,000 Cr.
511	Depr. Expense Office Equipment	$4,580 Dr.
514	Rent Expense	$13,000 Dr.
517	Salaries Expense	$49,500 Dr.
520	Supplies Expense	$2,340 Dr.
523	Telephone Expense	$1,350 Dr.
526	Travel Expense	$10,390 Dr.
529	Utilities Expense	$1,250 Dr.

Drawing Account
302	Sam Hill, Drawing	$11,000 Dr.

Instructions

1. Record the adjusting entries in the general journal, page 3.
2. Record the closing entries in the general journal, page 4.

Analyze: What closing entry is required to close a drawing account?