Question: Get solution Exercise 6.1 (Algo) Journalize closing entries. LO 6-1 On December 31, 20X1, the ledger of De La Rosa Company contained the following account
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Exercise 6.1 (Algo) Journalize closing entries. LO 6-1 On December 31, 20X1, the ledger of De La Rosa Company contained the following account balances: Cash $ 32,906 Rosie De La Rosa, Drawing $ 13,480 Accounts receivable 2, 850 Fees income 53,250 Supplies 2,850 Depreciation expense 2,780 Equipment 25,900 Salaries expense 16,980 Accumulated depreciation 2,450 Supplies expense 2,950 Accounts payable 2,950 Telephone expense 2,550 Rosie De La Rosa, Capital 48, 150 Utilities expense 4, 609 All the accounts have normal balances. Prepare the closing entries for the above transactions. View transaction Mat Journal entry worksheet 2 3 Record the closing entry for revenue. Note: Enter debits before credits. S.No/Date Account Title Debit Credit December 31, 20X1 save master clear View general JournalStep by Step Solution
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