Brown Insurance Agency reported the following items at November 30, 2012

Price: $1.99


S4-6 3 Making closing entries [5 min]
Brown Insurance Agency reported the following items at November 30, 2012:


Sales and marketing expense $2,100
Cash $1,100
Other assets 700
Service revenue 5,500
Depreciation expense 800
Accounts payable 500
Long term liabilities 600
Accounts receivable 900

Requirement
1. Journalize Brown’s closing entries, as needed for these accounts.