The Cobbler Company shows the following revenue, expense and withdrawals account balances on 31 December of the
Question:
The Cobbler Company shows the following revenue, expense and withdrawals account balances on 31 December of the current year, before closing:
Required:
Prepare closing entries.
Transcribed Image Text:
Account titles A. B. Cobbler, withdrawals Shoe service revenues Salaries expense Utilities expense Supplies expense Rent expense Depreciation expense Debits $1 750 2300 226 147 550 28 Credits $4 830
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Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
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