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, 2019

Adjusted Trial Balance

Income Statement

Balance Sheet

Account Title

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Cash

150

Accounts Receivable

1,100

Supplies

50

Prepaid Insurance

38

Land

1,250

Equipment

500

Accumulated Depreciation

100

Accounts Payable

450

Wages Payable

50

Brenda Schultz, Capital

2,176

Brenda Schultz, Drawing

100

Fees Earned

1,225

Wages Expense

300

Rent Expense

150

Insurance Expense

125

Utilities Expense

88

Supplies Expense

75

Depreciation Expense

50

Miscellaneous Expense

25

4,001

4,001

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

Oct. 31	Accounts ReceivableBrenda Schultz, CapitalBrenda Schultz, DrawingCashFees Earned
	Accounts PayableAccounts ReceivableFees EarnedWages ExpenseWages Payable
	Accumulated Depreciation-EquipmentBrenda Schultz, DrawingCashRent ExpenseSupplies	- Select -	- Select -
	Accounts PayableAccounts ReceivableInsurance ExpenseLandPrepaid Insurance	- Select -	- Select -
	Accounts PayableBrenda Schultz, DrawingFees EarnedUtilities ExpenseWages Payable	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashSuppliesSupplies Expense	- Select -	- Select -
	Accounts ReceivableBrenda Schultz, DrawingCashDepreciation ExpenseEquipment	- Select -	- Select -
	Accounts ReceivableBrenda Schultz, DrawingEquipmentFees EarnedMiscellaneous Expense	- Select -	- Select -
	Brenda Schultz, CapitalBrenda Schultz, DrawingEquipmentFees EarnedMiscellaneous Expense	- Select -	- Select -
31	Brenda Schultz, CapitalBrenda Schultz, DrawingCashFees EarnedRent Expense	- Select -	- Select -
	Accounts PayableBrenda Schultz, CapitalBrenda Schultz, DrawingCashMiscellaneous Expense	- Select -	- Select -