8 Selected accounts for Nina's Salon are presented below. All June 30 postings are from closing entries. Salaries Expense Service Revenue 6/10 3,475 6/30 9,142 6/30 15,184 6/15 6,581 6/28 5,667 6/24 8,603 Nina Cole, Capital Supplies Expense 6/30 3,006 6/1 12,118 6/12 548 6/30 1,277 6/30 1,863 6/24 729 Bal. 10,975 Rent Expense Nina Cole, Drawing 6/1 2,902 6/30 2,902 6/13 1,348 6/30 3,006 6/25 1,658 Instructions (a) Prepare the closing entries that were made. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) Account/Description Debit Credit (To close revenue.) (To close expenses.) (To close net income.) (To close drawings.) (b) Post the closing entries to Income Summary. (Post the entries in the order presented above. If an amount should be blank, enter a zero. All boxes must be filled to be correct.) Income Summary June 30 June 30 June 30 June 30 Presented is information related to Rogers Co. for the month of January 2010. Ending inventory per perpetual records $28,960 Ending inventory actually on hand 28,375 Cost of goods sold 225,520 Freight out 7,420 Insurance expense 12,420 Rent expense 25,980 Salary expense 61,510 Sales discounts 10,380 Sales returns and allowances 13,700 Sales 389,030 Instructions (a) Prepare the necessary adjusting entry for inventory. Description/Account Debit Credit (b) Prepare the necessary closing entries. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) Description/Account Debit Credit (To close income statement accounts with credit balances.) (To close income statement accounts with debit balances.) (To close net income to capital.) Question 6 The trial balance for Pioneer Advertising Agency shows the following: PIONEER ADVERTISING AGENCY Trial Balance October 31, 2010 Debit Credit Cash $15,475 Advertising Supplies 2,456 Prepaid Insurance 792 Office Equipment 7,100 Notes Payable $5,075 Accounts Payable 2,456 Unearned Revenue 948 C.R. Byrd, Capital 11,480 C.R. Byrd, Drawing 462 Service Revenue 10,970 Salaries Expense 3,782 Rent Expense 862 $30,929 $30,929 Assume the following adjustment data. Advertising supplies on hand at October 31 total $538. Expired insurance for the month is $132. Depreciation for the month is $71. Unearned revenue earned in October totals $474. Services provided but not recorded at October 31 are $288. Interest accrued at October 31 is $54. Accrued salaries at October 31 are $1,611. Instructions Prepare the adjusting entries for the items above. Date Account/Description Debit Credit 1. Oct.31 2. Oct.31 3. Oct.31 4. Oct.31 5. Oct.31 6. Oct.31 7. Oct.31 I need these 3 questions answered in 90 mins thats all I have left