Says to create a journal entry.

Alert Security Services Co. offers security services to business clients.

Alert Security Services Co.

End-of-Period Spreadsheet

For the Year Ended October 31, 20Y7

1		Adjusted	Adjusted
2		Trial Balance	Trial Balance	Income Statement	Income Statement	Balance Sheet	Balance Sheet
3	Account Title	Debit	Credit	Debit	Credit	Debit	Credit
4	Cash	11.00
5	Accounts Receivable	106.00
6	Supplies	7.00
7	Prepaid Insurance	2.00
8	Land	184.00
9	Equipment	54.00
10	Accumulated Depreciation-Equipment		12.00
11	Accounts Payable		34.00
12	Wages Payable		3.00
13	Brenda Schultz, Capital		247.00
14	Brenda Schultz, Drawing	7.00
15	Fees Earned		225.00
16	Wages Expense	110.00
17	Rent Expense	13.00
18	Insurance Expense	12.00
19	Utilities Expense	7.00
20	Supplies Expense	4.00
21	Depreciation Expense	2.00
22	Miscellaneous Expense	2.00
23		$521.00	$521.00

Based on the end-of-period spreadsheet, prepare the two closing entries for Alert Security Services Co. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

CHART OF ACCOUNTS

Alert Security Services Co.

General Ledger

	ASSETS
11	Cash
12	Accounts Receivable
13	Supplies
14	Prepaid Insurance
15	Land
16	Equipment
17	Accumulated Depreciation-Equipment

	LIABILITIES
21	Accounts Payable
22	Wages Payable

	EQUITY
31	Brenda Schultz, Capital
32	Brenda Schultz, Drawing
33	Income Summary