Selected accounts for Heathers Salon are presented below. All June 30 postings are from closing entries. Instructions
Question:
Selected accounts for Heather’s Salon are presented below. All June 30 postings are from closing entries.
Instructions
(a) Prepare the closing entries that were made.
(b) Post the closing entries to IncomeSummary.
Transcribed Image Text:
Salaries and Wages Expense Service Revenue 6/10 3,200 6/30 8,800 6/30 18,1006/15 9,700 6/30 2,500 6/1 12,000 6/28 5,600 Owner's Capital 6/24 8,400 6/30 5,000 Bal. 14,500 Supplies Expense Rent ExpenseOwner's Drawings 6/12 600 6/30 300 6/1 3,000 6/30 3,000 6/13 1,000 6/30 2,500 6/24 700 6/25 1,500
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a June 30 Service Revenue 18100 Income Summary 18100 30 Income Summary 13100 Sala...View the full answer
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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