The following account balances were taken from Jachobson Consultings year-end adjusted trial balance (assume these are the

The following account balances were taken from Jachobson Consulting’s year-end adjusted trial balance (assume these are the company’s only temporary accounts):

Prepare the company’s necessary closing entries.

Transcribed Image Text:

Interest revenue Insurance expense Rent expense Depreciation expense: office equipment Salaries expense Dividends $26,000 300 1,900 .. 10,800 5,600 16,400 400 .. -