The account balances of Bryan Company as of June 30, the end of the current fiscal year, are as follows:

	TRIAL BALANCE
ACCOUNT NAME	DEBIT	CREDIT
Cash	5,491.00
Accounts Receivable	624.00
Supplies	397.00
Prepaid Insurance	1,280.00
Equipment	6,497.00
Accumulated Depreciation, Equipment		2,672.00
Van	10,989.00
Accumulated Depreciation, Van		4,368.00
Accounts Payable		1,036.00
B. Bryan, Capital		18,583.00
B. Bryan, Drawing	18,000.00
Fees Earned		38,417.00
Salaries Expense	18,600.00
Advertising Expense	1,887.00
Van Operating Expense	462.00
Utilities Expense	685.00
Miscellaneous Expense	164.00
	65,076.00	65,076.00

1. Journalize the closing entries with the four steps in the correct sequence. Data for the adjustments are as follows:

1. Expired or used up insurance, $495.
2. Depreciation expense on equipment, $670.
3. Depreciation expense on the van, $1,190.
4. Salary accrued (earned) since the last payday, $540 (owed and to be paid on the next payday).
5. Supplies used during the period, $97

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