The end-of-period account balances after adjustments of Hernandez Shoe Repair are as follows:

Adjusted Trial Balance

Debit Credit

Cash $ 36,000

Supplies 2,700

Prepaid Rent 9,600

Equipment 94,000

Accumulated DepreciationEquipment $ 22,000

Accounts Payable 14,500

Tax Payable 26,600

Capital Stock 54,600

Retained Earnings 0

Dividend 7,500

Service Revenues 41,000

Supplies Expense 2,000

Depreciation Expense 3,000

Rent Expense 900

Salaries and Wages Expense 1,200

Utilities Expense 1,800

Total Balance $158,700 $158,700

Instructions:

a) Prepare the end of the period closing entries for Hernandez Shoe Repair. You may omit journal entry explanations.