Comprehensive Problem $1$ The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. Youchapter 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 yodoes not require an entry, leave it blank.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.
 

The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You 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 yo does not require an entry, leave it blank. Date Account Name 2018 Closing Entries May 31 Fees Earned Post. Ref. Debit Credit 41 40,000 0 Salary Expense 51 0 1,705 Rent Expense 52 0 1,600 Supplies Expense 53 0 1,370 Depreciation Expense 54 0 330 Insurance Expense 55 0 275 Miscellaneous Expense 59 0 1,295 Retained Earnings 31 X 0 33,425 V May 31 Retained Earnings 31 X 10,500 Dividends 33 0 10,500 V Check My Work