Question: Current Attempt in Progress Selected accounts for Pharoah's Salon at December 31, 2021, are presented below. Dr. A. Pharoah, Capital Cr. 29,400 A. Pharoah, Drawings





Current Attempt in Progress Selected accounts for Pharoah's Salon at December 31, 2021, are presented below. Dr. A. Pharoah, Capital Cr. 29,400 A. Pharoah, Drawings Dr. Cr. 2,700 Service Revenue Cr. Dr. 50,600 Salaries Expense Cr. Dr. 20,600 uestion 1 of 4 - / Rent Expense Dr. 6,900 Supplies Expense Dr. Cr. 7,100 Prepare closing entries to close the accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 Dec. 31 (To close expense accounts) Dec. 31 (To close income summary) Dec. 31 (To close drawings account) Post beginning balances and the entries. (Post entries in the order of journal entries presented in the previous part. For balanc ending in o select bal for the date and for the amount for the normal balance of the account.) Income Summary A. Pharoah, Capital A. Pharoah, Drawings Service Revenue Salaries Expense Rent Expense Rent Expense
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