Post the closing entries to Income Summary and Retained Earnings. Cash Account Titles Accounts Receivable Prepaid Rent

Post the closing entries to Income Summary and Retained Earnings.

  

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Cash Account Titles Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable (due in October 2022) Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals Dr. 10,000 7,000 2,440 22,900 3,800 10,920 900 600 20 58.580 Cr. 4,500 5,900 5,000 20,060 7,100 16,000 20 58,580 Cash Account Titles Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable (due in October 2022) Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals Dr. 10,000 7,000 2,440 22,900 3,800 10,920 900 600 20 58.580 Cr. 4,500 5,900 5,000 20,060 7,100 16,000 20 58,580

Answer rating: 100% (QA)

The closing entries for Income Summary and Retained Earnings would be as follows Close Service Reven... View the full answer