Appendix 1: Closing Entries From an End-of-Period Spreadsheet

Alert Security Services Co. offers security services to business clients.

Alert Security Services Co.
End-of-Period Spreadsheet
For the Year Ended October 31, 2018
	Adjusted Trial Balance						Income Statement				Balance Sheet
Account Title		Dr.			Cr.			Dr.		Cr.		Dr.		Cr.
Cash	434
Accounts Receivable	3,186
Supplies	145
Prepaid Insurance	109
Land	3,620
Equipment	1,448
Accum. Depr. - Equipment				290
Accounts Payable				1,303
Wages Payable				145
Common Stock				80
Retained Earnings				6,218
Dividends	290
Fees Earned				3,548
Wages Expense	869
Rent Expense	434
Insurance Expense	362
Utilities Expense	253
Supplies Expense	217
Depreciation Expense - Equip.	145
Miscellaneous Expense	72
	11,584			11,584

Prepare the closing entries for Alert Security Services Co. If an amount box does not require an entry, leave it blank.

Oct. 31 Close revenues
Oct. 31 Close expenses
Oct. 31 Close income/loss
Oct. 31 Close dividends