Closing Entries

Please include post reference and EXPLANATIONS

SANCHEZ DELIVERY SERVICE COMPANY Adjusted Trial Balance FOR THE MONTH ENDED JUNE 30, 2012 ADJ TRIAL BALANC DEBIT CREDIT ACCOUNT TITLE 100 Cash 2 103 Accounts Receivable 58,200 80,000 12,000 107 Supplies on Hand 4 108 5 112 6 140 Buildings 71 141 Accumulated 81 150 |Trucks 9151 Accumulated 10200 Accounts Payable 11206C 12 310 Retained Earnings.May 31.2012 13 320 Dividends 14 400 Service Revenue d Rent 11.000 320,000 n-Buildings 36,8007 100,000 Trucks 30,400 Stock 300,000 11 134,400 12 0.000 32,000 1.200 104,000 14 15 16 15 507 Salaries 16 511 Utilities 17 568 Miscellaneous 18 19 520 20 521 21 206 Salaries Payable 18 19 Buildings Trucks 800 6,000 200 1,000 23 512 Insurance Expense 23 24 2455nt Expense 25 26 Totals 638.000 638.000 26 27 28 Required: Prepare the closing entries using Journal that follows