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Prepare closing entries.
Date Description Debit Credit Oct 1 Cash Bosoz Jeffrey, Capital 550,000 550,000 Oct 3 Land Cash 75,000 75,000 Oct 5 18,000 Supplies Accounts Payable 18,000 Oct 7 13,400 Office Equipment Accounts Payable 13,400 Oct 8 Wages Expense Rent Expense Utilities Expense Miscellaneous Expense Cash 11,150 8,000 2,050 1,500 22,700 Oct 10 Cash Fees Earned 50,000 50,000 Oct 15 Accounts Receivable Fees Earned 25,000 25,000 Oct 20 Accounts Payable Cash 9,000 9,000 Oct 23 Supplies Expense Supplies 4,500 4,500 Oct 27 Bosoz Jeffrey, Drawing Cash 15,000 15,000
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