Willis Company has the following year-end account balances on April 30, 2017: Service Revenue $53,800; Rent Revenue

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Willis Company has the following year-end account balances on April 30, 2017: Service Revenue $53,800; Rent Revenue $12,000; Salaries Expense $19,400; Depreciation Expense $8,000; Supplies Expense $3,500; B. Willis, Capital $97,000; and B. Willis, Drawings $18,000.

Prepare the closing entries for Willis Company.

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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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