Prepare the end of the period closing entries

Question

Closing Entries:

The end of the period account balances after adjustments of the Falcon Cleaners and Laundry are as follows:

Account Balances

(After Adjustments)

Cash                                                $ 10,000
Cleaning Supplies                                  3,500
Prepaid Rent                                         3,600
Equipment                                         128,000
Accumulated Depreciation-Equipment    20,000
Accounts Payable                                  8,500
Common Stock                                    80,000
Retained Earnings                                26,400
Dividends                                             9,000
Dry Cleaning Revenues                        30,000
Laundry Revenues                                 4,000
Cleaning Supplies Expense                     5,000
Depreciation Expense                            3,000
Rent Expense                                          900
Salaries Expense                                   5,400
Utilities Expense                                       500

Instructions:

Prepare the end of the period closing entries for the Falcon Cleaners and Laundry. You may omit journal entry explanations.