Question: Part 1 : Closing Entries Jackson Inc . closes its books at the end of every month . Jackson Inc . has prepared its July


Part 1 : Closing Entries Jackson Inc . closes its books at the end of every month . Jackson Inc . has prepared its July Income Statement :" Jackson , Inc . Income Statement For the Month Ending July 31 Sales Revenue* $100 , 000 Interest Revenue $15 , 000 Rent Expense ( $15 , 000 ) Salary Expense* ($10 , 000 ) Utility Expense ( $5 , 000 ) NET INCOME $85 , 000 ADDITIONAL INFO Jackson declared and paid dividends of $ 2 2 ,000 during July .* Jackson's Retained Earnings balance on July 1 't was $ 2 25, 000 . ( a) Provide all closing journal entries here ( the order of the entries does not matter ) : Journal Entry 1 : Journal Entry 2 : Journal Entry 3 : Journal Entry 4
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