1. Comprehensive Problem 1 Part 9:

   The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts.

   Note: You must complete parts 1, 2, 3, 4, 6, 7 and 8 before completing part 9. Part 5 is optional.

   Part 9: Prepare the closing entries below. Then, using the attached spreadsheet from part 2, post the entries to your general ledger. If an amount box does not require an entry, leave it blank.

   Date	Account Name	Post. Ref.	Debit	Credit
   20Y8	Closing Entries
   May 31	Dividends Fees Earned Insurance Expense Miscellaneous Expense Retained Earnings
   	Dividends Fees Earned Retained Earnings Salaries Payable Salary Expense
   	Accounts Payable Cash Prepaid Rent Rent Expense Unearned Fees
   	Accounts Receivable Dividends Retained Earnings Supplies Supplies Expense
   	Accumulated Depreciation Depreciation Expense Dividends Office Equipment Rent Payable
   	Accounts Payable Cash Fees Earned Insurance Expense Prepaid Insurance
   	Accounts Receivable Dividends Fees Earned Miscellaneous Expense Retained Earnings
   	Accounts Payable Accounts Receivable Cash Fees Earned Retained Earnings
   May 31	Cash Depreciation Expense Dividends Miscellaneous Expense Retained Earnings
   	Cash Depreciation Expense Dividends Miscellaneous Expense Retained Earnings