We are accustomed to closing using the Income Summary in class, however, the project assigned to us does not have that as an option. How do I close the Revenue and Expense accounts without using income summary?

and their balances which you can then transfer to the appropriate financial statement.] 101 102 103 Closing Entries 104 105 37. Close the revenue accounts. 106 107 38. Close the expense accounts. 108 109 39. Close the dividends account. 110 111 112 113 114 115 116 117 118 An Number Name Normal Balance 1110 1120 Debit Debit 1130 1140 Debit Debit Debit 1150 1211 Debit 1212 Credit 1311 Debit 1312 Credit Debit 1411 1412 1510 2101 2102 2103 Credit Debit Credit Credit Credit Credit Credit Credit Credit Credit 2105 Cash Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Office Equip. Accum. Depr.-Office Equip. Computer Equip. Accum. Depr.-Computer Equip. Building Cost Accum. Depr.-Building Land Accounts Payable Advanced Payments Interest Payable Salaries Payable Income Taxes Payable Mortgage Payable Notes Payable Capital Stock Retained Earnings Dividends Computer & Consulting Revenue Rent Expense Salary Expense Advertising Expense Repairs & Maint. Expense Oil & Gas Expense Supplies Expense Interest Expense Insurance Expense Depreciation Expense Income Tax Expense 2106 2201 2202 3100 3200 Credit Debit 3300 4100 5010 5020 Credit Debit Debit Debit 5030 5040 Debit Debit 5050 5080 Debit Debit 5090 5100 Debit 5110 Debit 5120 Debit 1,128.33 35 35 I Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Transaction 4 & 5 Interest Transaction 4 & 5 Interest 1,128.33 955.72 36 36 Jun 30 Jun 30 5120 Income Tax Expense Tax Expense 2106 Income Taxes Payable Tax Expense 955.72 37 Jun 30 20,385.00 4100 Computer & Consulting Closing Need An Account Number 20,385.00 17,517.84 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 38 38 38 38 38 38 38 38 38 38 38 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Need An Account Numb Closing 5010 Rent Expense Closing 5020 Salary Expense Closing 5030 Advertising Expense Closing 5040 Repairs & Maint. Expen Closing 5050 Oil & Gas Expense Closing 5080 Supplies Expense Closing 5090 Interest Expense Closing 5100 Insurance Expense Closing 5110 Depreciation Expense Closing 5120 Income Tax Expense Closing 1,900.00 6,448.00 300.00 1,165.00 890.00 225.00 1,488.51 214.00 3,931.61 955.72 1,579.32 39 39 Jun 30 Jun 30 3200 Retained Earnings 3300 Dividends Dividend Close Dividend Close 1,579.32