The accountant for Passport Photography has posted adjusting entries (a) through (e) to the following selected accounts at December 31, 2008.

Requirements 

1. Journalize Passport Photography`s closing entries at December 31, 2008.

2. Determine Roland Poe's ending capital balance at December 31, 2008.

Transcribed Image Text:

Accounts Receivable 41,000 (a) 3,000 Salary Payable Supplies 4,000 (b) 2,000 Roland Poe, Capital (e) (e) 700 Salary Expense 26,200 700 52,000 Supplies Expense (b) 2,000 Accumulated Depreciation-Furniture 5,000 (c) 1,100 Accumulated Depreciation-Building 33,000 (d) 6,000 Roland Poe, Withdrawals Service Revenue 61,000 108,000 (a) 3,000 Depreciation Expense- Furniture (c) 1,100 Depreciation Expense- Building (d) 6,000