Selected accounts for Nina??s Salon are presented below. All June 30 postings are from closing entries. Instructions(a)

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Selected accounts for Nina??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.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

Question Posted: Sep 20, 2011 07:56 AM

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Selected accounts for Nina??s Salon are presented below. All June 30 postings are from closing entries. Instructions(a)

Question:

Salaries Expense Nina Cole, Capital Service Revenue 6/30 15,100 6/15 6/30 3.200 6/30 2,500 6/1 12,000 2,000 6/10 8,800 6.700 6/24 8,400 6/30 6/28 5,600 Bal. 11,500 Supplies Expense Rent Expense Nina Cole, Drawing 6/12 6/24 6/30 600 1.300 3,000 6/30 3,000 6/13 1,000 6/30 2,500 6/1 6/25 1.500 700

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