Using the data in BE4.4, enter the balances in T-accounts, post the closing entries, and underline and
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Using the data in BE4.4, enter the balances in T-accounts, post the closing entries, and underline and balance the accounts.
BE4.4
The ledger of Pitt Company contains the following balances: Owner’s Capital $30,000, Owner’s Drawings $2,000, Service Revenue $58,000, Salaries and Wages Expense $39,000, and Supplies Expense $7,000. Prepare the closing entries at December 31.
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Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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