On the basis of the following information taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for the month ended September 30, journalize the closing entries for Perez Roofing Company.
Definitions:
Franchisee
An individual or company that holds the rights to conduct business under an established brand or trade name in a specific territory.
Franchisor
A person or company that grants the license to third parties for the conducting of a business under their brand's name and operation model.
B-Corp Certification
A designation that a business meets high standards of verified social and environmental performance, public transparency, and legal accountability.
Profitable Growth
The process of increasing a company's revenue and profits effectively and sustainably over time.
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