Selected accounts for Tamoras Salon are presented below. All June 30 postings are from closing entries. Instructions
Question:
Instructions
a. Prepare the closing entries that were made.
b. Post the closing entries to Income Summary.
Transcribed Image Text:
Owner's Capital 2,500 6/1 6/30 Salaries and Wages Expense Service Revenue 6/15 12,000 6/10 3,200 9,700 6/30 6/28 5,600 6/24 8,400 5,000 14,500 Bal. Bal. 8,800 6/30 Bal. 8,800 6/30 18,100 18,100 Rent Expense 3,000 Supplies Expense Owner's Drawings 6/1 6/12 600 6/13 1,000 Bal. 6/30 6/25 6/24 700 1,500 3,000 3,000 Bal. Bal. 1,300 6/30 1,300 2,500 6/30 2,500
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a June 30 Service Revenue 18100 Income Summary 18100 3...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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