prepare a closing journal entry

Brief Exercise 4-14 (Part Level Submission) The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $132,900; Salaries Expense $87,500; Repairs and Maintenance Expense $15,300; Supplies Expense $6,400; Utilities Expense $2,700; and Income Tax Expense $6,600. The statement of changes equity shows an opening balance for Retained Earnings of $51,800 and Dividends Declared $10,500. Date Account Titles and Explanation Debit Credit Nov. 30 (To close revenue account.) 30 I (To close expense accounts.) 30 (To close net income.) 30