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Comprehensive Problem 1 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.

Date	Account Name	Post. Ref.	Debit	Credit
20Y8	Closing Entries
May 31	DividendsFees EarnedInsurance ExpenseMiscellaneous ExpenseRetained Earnings	fill in the blank 2	fill in the blank 3	fill in the blank 4
	DividendsFees EarnedRetained EarningsSalaries PayableSalary Expense	fill in the blank 6	fill in the blank 7	fill in the blank 8
	Accounts PayableCashPrepaid RentRent ExpenseUnearned Fees	fill in the blank 10	fill in the blank 11	fill in the blank 12
	Accounts ReceivableDividendsRetained EarningsSuppliesSupplies Expense	fill in the blank 14	fill in the blank 15	fill in the blank 16
	Accumulated DepreciationDepreciation ExpenseDividendsOffice EquipmentRent Payable	fill in the blank 18	fill in the blank 19	fill in the blank 20
	Accounts PayableCashFees EarnedInsurance ExpensePrepaid Insurance	fill in the blank 22	fill in the blank 23	fill in the blank 24
	Accounts ReceivableDividendsFees EarnedMiscellaneous ExpenseRetained Earnings	fill in the blank 26	fill in the blank 27	fill in the blank 28
	Accounts PayableAccounts ReceivableCashFees EarnedRetained Earnings	fill in the blank 30	fill in the blank 31	fill in the blank 32
May 31	CashDepreciation ExpenseDividendsMiscellaneous ExpenseRetained Earnings	fill in the blank 34	fill in the blank 35	fill in the blank 36
	CashDepreciation ExpenseDividendsMiscellaneous ExpenseRetained Earnings	fill in the blank 38	fill in the blank 39

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