Based on the data in Exercise 4-22, prepare the closing entries for Alert Security Services Co.

Data from 4-22:

Alert Security Services Co. offers security services to business clients. Complete the following end-of-period spreadsheet for Alert Security Services Co.:

A B D E 1 Alert Security Services Co. End-of-Period Spreadsheet 2 For the Year Ended October 31, 20Y3 Adjusted Trial Balance Income Balance Sheet 4 Statement 5 Account Title Cr. Dr. Dr. Cr. Dr. Cr. 6 Cash 12 7 Accounts Receivable 8 Supplies 9 Prepaid Insurance 103 4 10 Land 190 11 Equipment 12 Accum. Depr.-Equipment 13 Accounts Payable 14 Wages Payable 15 Common Stock 16 Retained Earnings 17 Dividends 18 Fees Earned 19 Wages Expense 20 Rent Expense 21 Insurance Expense 22 Utilities Expense 23 Supplies Expense 24 Depreciation Expense-Equip. 25 Miscellaneous Expense 50 36 50 210 213 111 12 10 4 3 2 517 517 26 Net income (loss) 27 28 3.