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	406
Accounts Receivable	2,974
Supplies	135
Prepaid Insurance	101
Land	3,380
Equipment	1,352
Accum. Depr. - Equipment				270
Accounts Payable				1,217
Wages Payable				135
Common Stock				80
Retained Earnings				5,802
Dividends	270
Fees Earned				3,312
Wages Expense	811
Rent Expense	406
Insurance Expense	338
Utilities Expense	237
Supplies Expense	203
Depreciation Expense - Equip.	135
Miscellaneous Expense	68
	10,816			10,816

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