Question

Hi, I need Accounting help ASAP please..

Complete the closing entries for this company on the journalpage below the trial balance. When you are finishedeither send me the hard copy or put this in the D2L drop boxlabeled Chapter 3 closing entries.

This will be worth 20 point possible points andis part 2 of chapter 3 test.

Murray Decorating Studios

Adjusted Trial Balance

December 31, 2014

List of Accounts	Each account has a normal balance
Cash	3032
Accounts receivable	1700
Prepaid expenses	250
Supplies	150
Equipment	4600
Accumulated depreciation	25
Land	3750
Accounts payable	220
Wages payable	400
Utilities payable	52
Short-term note payable	400
Interest payable	37
Income tax payable	244
Unearned revenue	1200
Long-term note payable	3300
Common stock	150
Additional paid-in-capital	8850
Retained earnings	0
Dividends	1500
Decorating revenue	5600
Interest revenue	12
Supplies expense	350
Wages expense	4300
Fuel expense	410
Insurance expense	50
Utilities expense	52
Depreciation expense	25
Interest expense	77
Income tax expense	244

Prepare the closing entries for this company.

Date	Accounts		Debits	Credits