The trial balance of Pacilio Security Services, Inc. as of January 1, Year 6, had the following normal balances:

Cash	$	74,210
Accounts Receivable		13,500
Supplies		200
Prepaid Rent		3,200
Merchandise Inventory (24 @ $265; 1 @ $260)		6,620
Land		4,000
Accounts Payable		1,950
Unearned Revenue		900
Salaries Payable		1,000
Common Stock		50,000
Retained Earnings		47,880

During Year 6, Pacilio Security Services experienced the following transactions:

1. Paid the salaries payable from Year 5.
2. On March 1, Year 6, Pacilio established a $100 petty cash fund to handle small expenditures.
3. Paid $4,800 on March 1, Year 6, for a one-year lease on the company van in advance.
4. Paid $7,200 on May 2, Year 6, for one years office rent in advance.
5. Purchased $400 of supplies on account.
6. Purchased 100 alarm systems for $28,000 cash during the year.
7. Sold 102 alarm systems for $57,120. All sales were on account.
8. Record the cost of goods sold related to the sale from Event 7 using the FIFO method.
9. Paid $2,100 on accounts payable during the year.
10. Replenished the petty cash fund on August 1. At this time, the petty cash fund had only $7 of currency left. It contained the following receipts: office supplies expense, $23; cutting grass, $55; and miscellaneous expense, $14.
11. Billed $52,000 of monitoring services for the year.
12. Paid installers and other employees a total of $25,000 cash for salaries.
13. Collected $89,300 of accounts receivable during the year.
14. Paid $3,600 of advertising expense during the year.
15. Paid $2,500 of utilities expense for the year.
16. Paid a dividend of $10,000 to the shareholders.

Adjustment

17. There was $160 of supplies on hand at the end of the year.
18. Recognized the expired rent for both the van and the office building for the year. (The rent for both the van and the office remained the same for Year 5 and Year 6.)
19. Recognized the balance of the revenue earned in Year 6 where cash had been collected in Year 5.
20. Accrued salaries at December 31, Year 6, were $1,400.

The following information is available for the bank reconciliation:

1. (1) Checks written but not paid by the bank, $8,350.
2. (2) A deposit of $6,500 made on December 31, Year 6, had been recorded but was not shown on the bank statement.
3. (3) A debit memo for $55 for a new supply of checks. (Hint: Use Office Supplies Expense account.)
4. (4) A credit memo for $30 for interest earned on the checking account.
5. (5) An NSF check for $120.
6. (6) The balance shown on the bank statement was $80,822.

How do I record the closing entries for the expense and dividend accounts

Trial Balance December 31, 2020 Account Title Credit Debit 79,092 100 33,320 6,440 160 8,000 4,000 250 1,400 50,000 47,880 10,000 *Cash * Petty cash * Accounts receivable * Merchandise inventory * Supplies Prepaid rent * Land * Accounts payable * Salaries payable Common stock * Retained earnings + Dividends * Security service revenue * Monitoring service revenue * Interest revenue *Alarm sales + Advertising expense Cost of goods sold + Supplies expense Salaries expense *Cash over and short Rent expense +Office supplies expense Miscellaneous expense * Maintenance expense *Utilities expense Total 900 52,000 30 57,120 3,600 28,180 440 26,400 11 7,200 78 14 55 2,500 209,580 $ 209,580 View transaction list Journal entry worksheet Record the closing entry for the expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Income Statement Changes in SE Balance Sheet Statement of CF Prepare the journal entries to record transactions (1) through (16). Then prepare the necessary adjust correctly report net income for the period. Then record the closing entries (23) through (25) as of Dece required for a transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the closing entry for dividends account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal