Make the closing entry (or entries) necessary to close the following accounts: Salary Expense ............ $18,000 Unearned
Question:
Salary Expense ............ $18,000
Unearned Service Revenue ........ 4,700
Paid-In Capital ............ 2,000
Cash ................ 800
Service Revenue ............ 20,000
Rent Expense ............ 6,400
Retained Earnings (beginning) ..... 1,500
Prepaid Rent Expense ......... 3,000
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Service Revenue 20000 Retained ...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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