Below Are the Adjusted Accounts of Millennium Realtors,Inc In the Journal Provided,prepare Millennium's Closing Entries (Omit Explanations)

question 123

Essay

Below are the adjusted accounts of Millennium Realtors,Inc.,for the month ended May 31,2010,listed in alphabetical order:
$\begin{array}{lrlr}\text { Accounts Payable } & \$ 400 & \text { Dividends }&1,000 \\\text { Accounts Receivable } & 3,600 & \text { Income Taxes Expense } & 100 \\\text { Accumulated Depreciation - } & & \text { Income Taxes Payable } & 100 \\\quad \text { Office Equipment } & 4,000 & \text { Land } & 1,500 \\\text { Cash } & 1,150 & \text { Office Equipment } & 10,000 \\\text { Commissions Revenue } & 7,500 & \text { Salaries Expense } & 2,300 \\\text { Common Stock } & 8,000 & \text { Utilities Expense } & 150 \\\text { Depreciation Expense- } & & & \\\quad \text { Office Equipment } & 200 & &\end{array}$
In the journal provided,prepare Millennium's closing entries (omit explanations).

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Definitions:

Cognitive Deficit

A deficiency or impairment in mental processes such as thinking, reasoning, memory, or understanding.

Adult Weight

The expected or actual weight of an individual upon reaching full physical maturity, often used as a benchmark for assessing health and nutritional status.

Lateralized

Describes functions or processes that are predominantly localized to one side of the brain, such as language in the left hemisphere for most people.

Left Hemisphere

The half of the brain that is typically responsible for language processing, logical reasoning, and analytical tasks in most individuals.