Make the closing entry (or entries) necessary to close the following accounts: Salary Expense ............ $18,000 Unearned

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Make the closing entry (or entries) necessary to close the following accounts:
Salary Expense ............ $18,000
Unearned Service Revenue ........ 4,700
Paid-In Capital ............ 2,000
Cash ................ 800
Service Revenue ............ 20,000
Rent Expense ............ 6,400
Retained Earnings (beginning) ..... 1,500
Prepaid Rent Expense ......... 3,000

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Service Revenue 20000 Retained ...View the full answer

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Ali Khawaja

my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce

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