Selected accounts for Wildhorse's Salon are presented here. All June 30 postings are from closing entries....

  

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Selected accounts for Wildhorse's Salon are presented here. All June 30 postings are from closing entries. Salaries and Wages Expense 6/10 3,300 6/28 5,750 Bal. 6/12 6/24 Bal. 6/1 Bal. 9,050 6/30 9,050 6/30 Supplies Expense 480 850 1,330 6/30 1,330 Service Revenue 6/15 6/24 6/30 18,300 Bal. 18,300 Rent Expense 3,240 9,300 9,000 3,240 6/30 3,240 Owner's Capital 2,990 6/1 12,000 6/30 4,680 Bal. 13,690 Owner's Drawings 6/13 500 6/25 2,490 Bal. 2,990 6/30 2,990 Prepare the closing entries that were made. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select Date Account Titles and Explanation June 30 June 30 June 30 June 30 Service Revenue Income Summary (To close revenue account) Income Summary Salaries and Wages Expense Supplies Expense (To dose expense account) Income Summary Owner's Capital (To close net income / (loss)) Owner's Capital Owner's Drawings (To close drawings) Debit Credit 00 00 0000 DO DO DON Selected accounts for Wildhorse's Salon are presented here. All June 30 postings are from closing entries. Salaries and Wages Expense 6/10 3,300 6/28 5,750 Bal. 6/12 6/24 Bal. 6/1 Bal. 9,050 6/30 9,050 6/30 Supplies Expense 480 850 1,330 6/30 1,330 Service Revenue 6/15 6/24 6/30 18,300 Bal. 18,300 Rent Expense 3,240 9,300 9,000 3,240 6/30 3,240 Owner's Capital 2,990 6/1 12,000 6/30 4,680 Bal. 13,690 Owner's Drawings 6/13 500 6/25 2,490 Bal. 2,990 6/30 2,990 Prepare the closing entries that were made. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select Date Account Titles and Explanation June 30 June 30 June 30 June 30 Service Revenue Income Summary (To close revenue account) Income Summary Salaries and Wages Expense Supplies Expense (To dose expense account) Income Summary Owner's Capital (To close net income / (loss)) Owner's Capital Owner's Drawings (To close drawings) Debit Credit 00 00 0000 DO DO DON

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Closing entry for Service Revenue The total service revenue is the sum of the amounts posted on June ... View the full answer