Question: I need help answering the second question in this problem. The first question is attached in a Excel file, (you will need that to answer
I need help answering the second question in this problem. The first question is attached in a Excel file, (you will need that to answer question 1 part 2. Thanks.

Date Account Title and ExplanationDebit Credit 30-Apr Service Revenue 16000 Income Summary 16000 (To close Revenue account) 30-Apr Income Summary 12220 Salary and Wages Expenses 10740 Rent Expenses 800 Depreciation Expenses 650 Interest Expenses 30 (To close Expenses Acoount) 30-Apr Income Summary Retained Earnings (To close net Income (Loss) 3780 30-Apr Retained Earnings Dividends (To close Dividends) 3400 3780 3400
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