A partial work sheet for the month ended june 30, 20- for adams shoe shine is shown.

1) Prepare closing entries.

2) Post the closing entries to the T accounts.

  
 
 
 

Closing Entries (Net Income) Instructions A partial work sheet for the menth ended june 30, 20- for Adams Shoe Shine is shown. Adams Shoe Shine Work Sheet (Partial) For Month Ended June 30, 20- INCOME INCOME BALANCE SHEET BALANCE SHEET STATEMENT STATEMENT ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT Cash 2,724.00 4Accounts Receivable 1,243.00 * Suppliet 900.00 Prepaid Intrance 650.00 office Equioment 2.200.00 Accumulated Deprecution-Office Equipment 100 00 Accounts Payable 1,840.00 " Wapen Payable 260.00 1 Mary Adam, Capital 6,000.00 12 Mary Adam, Drawing 2200.00 1 Service Fees 4812.00 wages Experse 1,090 00 1 Advertining Expense 32.00 Rent Expense 1000.00 Supplies Expense 322.00 Phone Expense 133.00 * Utties Expense 101.00 *Insurarce Expense 130.00 Cas and O Expense 89.00 # Depreciation Eapense-Ofice Equipment 100.00 2 Miscellaneous Expense 98.00 24 5,095.00 4812.00 9,91700 8,200.00 2 Net Income 171700 1,717.00 54812.00 S1200 $9,91700 $9.917.00 Required 1. Prepere dosing enories 2 Peat he cloaing entrles te thae Taccounts