Ap selected accounts for Tamora's Salon are presented here. All June 30 postings are from closing entries.
Question:
Ap selected accounts for Tamora's Salon are presented here. All June 30 postings are from closing entries.
Instructions.
a. Prepare the closing entries that were made.
b. Post the closing entries to Income Summary.
Transcribed Image Text:
Salaries and Wages Expense 6/10 3,200 6/28 5,600 Bal. 8,800 6/30 8,800 6/30 Supplies Expense 6/12 600 6/24 700 Bal. 1,300 6/30 1,300 6/1 Bal. Service Revenue 6/15 9,700 6/24 8,400 18,100 Bal. 18, 100 Rent Expense 3,000 3,000 6/30 3,000 6/30 6/13 6/25 Bal. Owner's Capital 2,500 6/1 12,000 6/30 5,000 Bal. 14,500 Owner's Drawings 1,000 1,500 2,500 6/30 2,500
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a Closing entries Date Account titles Debit Credit 630 Service revenue 18100 Income summary 18100 T...View the full answer
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Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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