The ledger of Duston Company contains the following balances: Owners Capital $30,000, Owners Drawings $2,000, Service Revenue

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The ledger of Duston Company contains the following balances: Owner’s Capital $30,000, Owner’s Drawings $2,000, Service Revenue $50,000, Salaries and Wages Expense $29,000 and Supplies Expense $7,000. Prepare the closing entries at December 31.

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Accounting Principles

ISBN: 978-1118875056

12th edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Mar 02, 2015 09:21 AM

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The ledger of Duston Company contains the following balances: Owners Capital $30,000, Owners Drawings $2,000, Service Revenue

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Dec 31 Service Revenue 50000 Income Summary 5000...View the full answer

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