Use the following partial listing of T accounts to complete

1. Prepare closing entries dated January 31, 20--. Do not enter the posting references until you have completed part 2. If an amount box does not require an entry, leave it blank.

2. Post the closing entries to the T accounts following the top-down journal entry order. If there is more than one closing entry for an account, enter in the order given in the journal above. Then, complete the posting for part 1.

Closing Entries (Net Loss)

Accum. Depr.—Delivery Equip			185.1
		Bal.	100

Wages Payable				219
		Bal.		200

Kylea Vasquez, Capital				311
		Bal.		4,000

Kylea Vasquez, Drawing			312
Bal.	850

Income Summary			313

Delivery Fees			401
		Bal.	2,260

Wages Expense			511
Bal.	1,770

Advertising Expense			512
Bal.	80

Rent Expense			521
Bal.	430

Supplies Expense			523
Bal.	120

Phone Expense			525
Bal.	58

Electricity Expense			533
Bal.	44

Insurance Expense			535
Bal.	30

Gas and Oil Expense			538
Bal.	38

Depr. Exp.— Del. Equip			541
Bal.	100

Miscellaneous Expense			549
Bal.	33

Answer rating: 100% (QA)

Closing Entries Particulars Debit Credit 1 Delivery ... View the full answer