Use the following account balances from the adjusted trial balance of Gees Catering: Account Debit Balance Credit
Fantastic news! We've Found the answer you've been seeking!
Question:
Use the following account balances from the adjusted trial balance of Gees Catering:
Account | Debit Balance | Credit Balance |
---|---|---|
Cash | 10,000 | |
Accounts payable | 2,000 | |
R. Gees, Capital | 18,000 | |
R. Gees, Drawing | 1,000 | |
Fees revenue | 10,000 | |
Salary expense | 7,000 | |
Rent expense | 6,000 | |
Supplies expense | 6,000 |
Select the correct closing entry that Gees Catering would make to close the owner's withdrawal account at the end of the accounting period.
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date: