The income statement accounts for the Monroe Realty Company at the end of its fiscal year are shown below. Prepare the required closing entries in journal form. Chris Ross is theowner.

Account Name Commission Revenue Wages Expense Rent Expense Supplies Expense Insurance Expense Depreciation Expense-Office Equipment 345 Debit Credit S26,620 s9,110 1,300 4,160 915 16,830 S 9,790 Total Expenses Net Income