Tomorri Co. had the following temporary account balances on December 31, 2020. Account Titles Debit Credit Ticket Revenues 13,650 Salaries Expense 3.000 Depreciation Expense 1,500 Insurance Expense 4,950 Dividends 2.100 Required: Prepare closing entries at December 31, 2020. Required: Prepare closing entries at December 31, 2020. SOLUTION 1. Journal entry to close REVENUES Date Account Titles Debit Credit Choose... Choose... Dec. 31 Choose... Choose... Ticket Revenues Insurance Expense Income Summary Retained Earnings Dividends 2. Jou Salaries Expense Depreciation Expense SES important List expense accounts in the Required: Prepare closing entries at December 31, 2020. SOLUTION 1. Journal entry to close REVENUES Date Account Titles Debit Credit Choose... Choose... Dec. 31 Choose... Choose... 4 Choose... Ticket Revenues Insurance Expense Income Summary 2. Journal entry Retained Earnings Dividends same order as t Salaries Expense Account Depreciation Expense portant: List expense accounts in the Eve!) T Required: Prepare closing entries at December 31, 2020. SOLUTION 1. Journal entry to close REVENUES Date Account Titles Debit Credit Choose... Choose... Dec. 31 . Choose... Choose... Choose... 2,400 1,500 9.450 4.950 4.200 2. Journal entry to close EXPENSES (Impc 3.050 11th 3.000 pense accounts in the SOLUTION 1. Journal entry to close REVENUES Date Account Titles Debit Credit Choose... Choose... e Dec. 31 Choose... Choose... + Choose... 2,400 1.500 9.450 2. Journal entry to close EXPENSES (Important: List ex 4,950 4.200 same order as they appear in the list above 13,650 Account Titles Debit 3.000 ts in the 2. Journal entry to close EXPENSES (Important: List expense accounts in the same order as they appear in the list above!) Date Account Titles Debit Credit Choose... Choose... + Dec. 31 Choose.... EN Choose... Ticket Revenues Insurance Expense Income Summary Retained Earnings Dividends Salaries Expense Depreciation Expense Choose... Choose... 2. Journal entry to close EXPENSES (Important: List expense accounts in the same order as they appear in the list above!) Date Account Titles Debit Credit Choose... Choose... e Choose... Choose... e Dec. 31 Choose... + Choose... + Choose... Ticket Revenues Insurance Expense Income Summary Retained Earnings Dividends Salaries Expense Depreciation Expense 2. Journal entry to close EXPENSES (Important: List expense accounts in the same order as they appear in the list above!) Account Titles Debit Credit Choose... Choose... - Choose... Choose... Dec. 31 Choose... e Choose... + Choose... NE Choose.... Ticket Revenues Insurance Expense Income Summary Retained Earnings Dividends 3. Journal entrs Salaries Expense Date Account Depreciation Expense Credit 2. Journal entry to close EXPENSES (Important: List expense accounts in the same order as they appear in the list above!) Account Titles Debit Credit Choose... Choose... Choose... Choose... + Dec. 31 Choose... Choose... Choose... Choose... 4 Choose Ticket Revenues Insurance Expense Income Summary 3. Journal entr Retained Earnings Account Dividends Salaries Expense Choose Depreciation Expense Debit Credit ose 2. Journal entry to close EXPENSES (Important: List expense accounts in the same order as they appear in the list above!) Date Account Titles Debit Credit Choose... Choose... R Choose... Choose... $ Dec. 31 Choose... Choose... Choose... 2.400 1.500 9.450 4.950 4.200 18.650 3.000 Choose... Choose... : 2. Journal entry to close EXPENSES (Important: List expense accounts in the same order as they appear in the list above!) Date Account Titles Debit Credit Choose... Choose... 4 Choose... Dec. 31 Choose... Choose... Choose... Choose... 2.400 1,500 9.450 4.950 4.200 13,650 3.000 3. Journal entry to close INCOME SUMMARY 2. Journal entry to close EXPENSES Croportant: List expense accounts in the same order as they appear in the list above Date Account Titles Debit Credit Choose... Choose... e Choose... Choose... Dec. 31 Choose..!! Choose... EN Choose... Ohoose... 2.400 1,500 9.450 4.950 4.200 13.650 2,000 3. Journal entry to close INCOME SINISIRISI |Date Account Titles 2. Journal entry to close EXPENSES (Important: List expense accounts in the same order as they appear in the list above!) Date Account Titles Debit Credit Choose... Choose... Choose... Choose... : Dec. 31 Choose Choose... + Choose... Choose... Choose... 2.400 1.500 9.450 3. Journal entry to close INCOME SUMMARY 4.950 Date Account Titles Debit 4.200 19.650 Choose... Choose 3.000 3. Journal entry to close INCOME SUMMARY Date Account Titles Debit Credit Choose... Choose... N Dec. 31 Choose... 4 Choose... Ticket Revenues Insurance Expense Income Summary Retained Earnings 4. Jouri Dividends ENDS Salaries Expense Depreciation Expense Debit Credit 3. Journal entry to close INCOME SUMMARY Date Account Titles Debit Credit Choose... Choose... Dec. 31 Choose... Choose.. Choose... Ticket Revenues Insurance Expense Income Summary 4. Journal entrs Retained Earnings Date Account Dividends Salaries Expense Choose Depreciation Expense Dec, 01 Debit Credit Choose... + 3. Journal entry to close INCOME SUMMARY Date Account Titles Debit Credit Choose... Choose... Dec. 31 Choose... Choose Choose... + 2.400 1,500 9.450 4.950 4.200 13,650 3.000 4. Journal entry to close DIVIDENDS Date Account Titles Credit 3. Journal entry to close INCOME SUMMARY Date Account Titles Debit Credit Choose Choose... + Dec. 31 Choose... Choose... 4. Journal entry to close DIVIDENDS Choose... 2.400 1.500 9,450 4.950 4.200 13,650 8.000 Date Account Titles Debit Choose... Choose... + 4. Journal entry to close DIVIDENDS Date Account Titles Debit Credit Choose... Choose... 4 Dec. 31 Choose... Choose... Ticket Revenues Insurance Expense Income Summary Retained Earnings Dividends Salaries Expense Depreciation Expense 4. Journal entry to close DIVIDENDS Date Account Titles Debit Credit Choose... Choose... e Dec. 31 Choose... Choose... 4 Choose... Ticket Revenues Insurance Expense Income Summary Retained Earnings Dividends Salaries Expense 4. Journal entry to close DIVIDENDS Date Account Titles Debit Credit Choose... Choose... Dec. 31 Choose... Choose... + Choose... 2,400 1,500 9,450 4.950 4.200 13.650 3.000 4. Journal entry to close DIVIDENDS Date Account Titles Debit Credit Choose... Choose... Dec. 31 Choose... Choose... 2.400 1,500 9.450 4.950 4,200 13.650 3.000