Prepare the required closing journal entries for the year ended December 31, using the items from the
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Credit 35,860 Account Name Repair Revenue Wages Expense Rent Expense Supplies Expense Insurance Expense Depreciation Expense -Repair Equipment Debit 13,260 2,800 6,390 1,370 3,020 26,840 35,860 9,020 35,860 Net Income 35,860
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Dec 31 Repair Revenue 35860 Income Summary 35860 To close the revenue account 31 Income Su...View the full answer
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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