Selected accounts for Sunland's Salon are presented here. All June 30 postings are from closing entries....
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Selected accounts for Sunland's Salon are presented here. All June 30 postings are from closing entries. Salaries and Wages Expense 6/10 2,500 5,210 Bal. 7,710 6/30 7,710 Supplies Expense 6/28 6/12 6/24 Bal. 520 750 1.270 6/30 1,270 6/30 6/1 Bal. Service Revenue 6/15 9,200 6/24 8,000 17,200 Bal. 17,200 Rent Expense 3,060 3,060 6/30 3,060 Owner's Capital 6/30 2,120 6/1 11,900 6/30 5,160 Bal. 14,940 Bal. Owner's Drawings 6/13 6/25 1,620 500 2,120 6/30 2,120 Instructions. a. Prepare the closing entries that were made. b. Post the closing entries to Income Summary. Selected accounts for Sunland's Salon are presented here. All June 30 postings are from closing entries. Salaries and Wages Expense 6/10 2,500 5,210 Bal. 7,710 6/30 7,710 Supplies Expense 6/28 6/12 6/24 Bal. 520 750 1.270 6/30 1,270 6/30 6/1 Bal. Service Revenue 6/15 9,200 6/24 8,000 17,200 Bal. 17,200 Rent Expense 3,060 3,060 6/30 3,060 Owner's Capital 6/30 2,120 6/1 11,900 6/30 5,160 Bal. 14,940 Bal. Owner's Drawings 6/13 6/25 1,620 500 2,120 6/30 2,120 Instructions. a. Prepare the closing entries that were made. b. Post the closing entries to Income Summary.
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aRequired closing entries in the above question is given below Date Particulars LF No Debit Amount C... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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