Use General Journal sheet WP-11 through WP-14 to prepare closing entries. Post these closing entries to the General Ledger. (After this step is completed, all of your revenue accounts, expense accounts, and the dividend account should have a balance of 0-.) Make sure to properly label your closing entries! Veggies-R-Us is a corporation, so you will need to use Dividends (not Owner Withdrawals) and Retained Earnings (not Owners Capital).