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8,800 6/10 6/28 Bal. Salaries and Wages Expense 3,000 6/30 5,800 8,800 Supplies Expense 3006/30 600 900 6/12 6/24 Bal. 900 6/30 8,600 9,400 Bal.
8,800 6/10 6/28 Bal. Salaries and Wages Expense 3,000 6/30 5,800 8,800 Supplies Expense 3006/30 600 900 6/12 6/24 Bal. 900 6/30 8,600 9,400 Bal. 3,500 6/1 Bal. Service Revenue 18,000|6/15 6/24 18,000 Rent Expense 3,500 6/30 3,500 Retained Earnings 2,000 6/1 6/30 Bal. Dividends 6/30 12,000 4,800 14,800 2,000 6/13 6/25 Bal. 5006/30 1,500 2,000 Prepare the closing entries that were made. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 30 (To close revenue account) June 30 (To close expense account) June 30 (To close net income / (loss)) June 30 (To close dividends) Post the closing entries to Income Summary. (Post entries in the order of journal entries posted in the previous part of the question.) Income Summary Click if you would like to Show Work for this question: Open Show Work
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