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

Required:

Question Content Area

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.

If an amount box does not require an entry, leave it blank.

GENERAL JOURNAL					PAGE
DATE	DESCRIPTION		POST. REF.	DEBIT	CREDIT
20--	Closing Entries
Jun. 30	B. Bryan, CapitalFees EarnedIncome SummaryInsurance ExpenseSalaries Expense			fill in the blank 6b4a25003fd5001_2
	B. Bryan, CapitalB. Bryan, DrawingFees EarnedIncome SummarySalaries Expense				fill in the blank 6b4a25003fd5001_4
Jun. 30	B. Bryan, CapitalCashFees EarnedIncome SummarySalaries Expense			fill in the blank 6b4a25003fd5001_6	fill in the blank 6b4a25003fd5001_7
	Accounts ReceivableB. Bryan, CapitalFees EarnedIncome SummarySalaries Expense			fill in the blank 6b4a25003fd5001_9	fill in the blank 6b4a25003fd5001_10
	Advertising ExpenseCashIncome SummarySuppliesVan			fill in the blank 6b4a25003fd5001_12	fill in the blank 6b4a25003fd5001_13
	Accounts ReceivableB. Bryan, DrawingIncome SummarySupplies ExpenseSupplies			fill in the blank 6b4a25003fd5001_15	fill in the blank 6b4a25003fd5001_16
	Accounts PayableAccumulated Depreciation, VanCashVanVan Operating Expense			fill in the blank 6b4a25003fd5001_18	fill in the blank 6b4a25003fd5001_19
	Accounts PayableB. Bryan, DrawingFees EarnedIncome SummaryUtilities Expense			fill in the blank 6b4a25003fd5001_21	fill in the blank 6b4a25003fd5001_22
	Accounts ReceivableB. Bryan, CapitalIncome SummaryInsurance ExpensePrepaid Insurance			fill in the blank 6b4a25003fd5001_24	fill in the blank 6b4a25003fd5001_25
	Accumulated Depreciation, EquipmentCashDepreciation Expense, EquipmentEquipmentIncome Summary			fill in the blank 6b4a25003fd5001_2	fill in the blank 6b4a25003fd5001_28
	Accumulated Depreciation, VanAccounts PayableDepreciation Expense, VanIncome SummaryVan			fill in the blank 6b4a25003fd5001_30	fill in the blank 6b4a25003fd5001_31
	Accounts ReceivableB. Bryan, CapitalCashIncome SummaryMiscellaneous Expense			fill in the blank 6b4a25003fd5001_33	fill in the blank 6b4a25003fd5001_34
Jun. 30	B. Bryan, CapitalCashEquipmentFees EarnedIncome Summary			fill in the blank 6b4a25003fd5001_36
	B. Bryan, CapitalCashFees EarnedIncome SummarySalaries Payable				fill in the blank 6b4a25003fd5001_38
Jun. 30	B. Bryan, CapitalB. Bryan, DrawingCashFees EarnedIncome Summary			fill in the blank 6b4a25003fd5001_40
	B. Bryan, CapitalB. Bryan, DrawingCashFees EarnedIncome Summary				fill in the blank 6b4a25003fd5001_42