Selected accounts for Tamoras Salon are presented below. All June 30 postings are from closing entries. Instructions

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Selected accounts for Tamora€™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: 978-1118875056

12th edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Mar 02, 2015 09:22 AM

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Selected accounts for Tamoras Salon are presented below. All June 30 postings are from closing entries. Instructions

Question:

Salaries and Wages Expense Service Revenue 6/10 3,200 6/30 8,800 6/30 18,100 6/15 9,700 6/30 2,100 6/1 12,000 6/28 5,600 Owner's Capital 6/24 8,400 6/30 5,000 B 14,900 Supplies Expense Rent Expense Owner's Drawings 6/12 600 6/30 1,300 6/1 3,000 6/30 3,0006/13 1,000 6/30 2,100 6/24 700 6/25 1,100

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a June 30 Service Revenue 18100 Income Summary ...View the full answer

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