On the basis of the following data taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for the year ended March 31 for Banes Domino's Corporation. Banes Domino's Corporation

ADJUSTED TRIAL BALANCE

March 31, 20--

ACCOUNT TITLE DEBIT CREDIT
1

Cash

30,000.00

2

Accounts Receivable

45,200.00

3

Supplies

5,000.00

4

Equipment

169,900.00

5

Accumulated Depreciation

32,000.00

6

Accounts Payable

12,500.00

7

Common Stock

51,600.00

8

Retained Earnings

20,000.00

9

Dividends

47,000.00

10

Fees Earned

510,000.00

11

Salary Expense

244,500.00

12

Rent Expense

48,000.00

13

Depreciation Expense

25,000.00

14

Supplies Expense

9,500.00

15

Miscellaneous Expense

2,000.00

16

Totals

626,100.00

626,100.00

Required:

Journalize the four closing entries. Refer to the Chart of Accounts for exact wording of account titles. The journal should consist of 12 rows.
Chart of Accounts.

Banes Domino's CorporationGeneral Ledger

ASSETS
11 Cash
12 Accounts Receivable
13 Supplies
16 Equipment
17 Accumulated Depreciation
LIABILITIES
21 Accounts Payable
EQUITY
31 Common Stock
32 Retained Earnings
33 Dividends
34 Income Summary
REVENUE
41 Fees Earned
EXPENSES
51 Salary Expense
52 Rent Expense
53 Depreciation Expense
54 Supplies Expense
59 Miscellaneous Expense