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 month orded June 30, 20- for Adams' Shoe Shine is shown Adams Shoe Shine Work Sheet(Partial For Month Ended June 30, 20 INCOME STATEMENT DEBIT 1 BALANCE SHEET BALANCE SHEET INCOME STATEMENT CREDIT 1 ACCOUNT TITLE DERIT CREDIT 1 Cash 2.724.00 1.745.00 900.00 650.00 2,200.00 7 10000 1,140.00 260.00 6,000.00 2.200.00 4812.00 4 Accounts Receivable * Supplier Prepaid Insurance + Office Equipment Accumulated Deprecation-Office Equipment Accounts Payable 1 Wapes Payable 11 Mary Adam, Capital 12 Mary Adam, Drawing 13 Service Fees * wages Expense 15 Advertising Expense I Rent Expense IT Supplies Expres 1 Phone Expense 3F Utoties Expense srce Expense Gas and opense # Depreciation Lense-Office Equipment 23 Miscellaneous Expense 1.090.00 32.00 1.000.00 322.00 133.00 101.00 130.00 100.00 98.00 24 4812.00 9,91700 Net Income 5.095.00 171700 2.200.00 1.717.00 54512.00 34817.00 59,91700 59.917.00 Required 1. Pre dosing 2. Pat the cong to the accounts Closing Entries (Net Income) Chart of Accounts CHART OF ACCOUNTS Adams' Shoe Shine General Ledger ASSETS REVENUE 101 Cash 401 Service Fees EXPENSES 122 Accounts Receivable 141 Supplies 145 Prepaid Insurance 181 Office Equipment 181.1 Accumulated Depreciation Office Equipment LIABILITIES 202 Accounts Payable 219 Wages Payable 511 Wages Expense 512 Advertising Expense 521 Rent Expense 523 Supplies Expense 525 Phone Expense 533 Utilities Expense 535 Insurance Expense 538 Gas and Oil Expense 542 Depreciation Expense-Office Equipment 549 Miscellaneous Expense EQUITY 311 Mary Adams, Capital 312 Mary Adams, Drawing 313 Income Summary Closing Entries (Net Income) General Journal 1. Propare closing entries General Journal Instructions Question not attempted. PAGE 1 GENERAL JOURNAL Score: 0/209 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT Closing Entries 2 5 5 7 1 10 11 11 14 15 16 17 10 Closing Entries (Net Income) Taccounts 2. Post the closing entries to the accounts. Taccounts Instructions Cash Bal 2,724 Accounts Receivable Bal 1,243 Supplies Bal. 900 Prepaid Insurance 650 Bal Office Equipment 2,200 Bal Accumulated Depreciation Office Equipment Bai. 100 Accounts Payable Bal. 1.840 Wages Payable Bal 260 Mary Adams, Capital Bal. 6,000 Closing Closing Bal Bal. Mary Adams, Drawing 2.200 Closing Closing Closing Income Summary Closing Service Fees Bal 4.812 Closing Wages Expense Bal. 1,090 Closing Advertising Expense 32 Bal. Closing Rent Expense Bal. 1,000 Closing Supplies Expense 322 Bal. Closing Phone Expense Bal. 133 Closing Utilities Expense Bal 101 Closing Insurance Expense 130 Closing Bal Gas and Oil Expense Bal. 89 Closing Depreciation Expense-Office Equipment Bal , 100 Bal Closing Miscellaneous Expense 98 Closing