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A) Prepare Closing Entrics. (13 marks) 13) Using the T- Accounts given. please post the entries back into the T- Accounts and calculate the ending
A) Prepare Closing Entrics. (13 marks) 13) Using the T- Accounts given. please post the entries back into the T- Accounts and calculate the ending balances. (17 marks) Rent Expense Dec. 31 182.000 Dec. 31 8.100 Liabilities 50,000 Dec. 31 Dec. 31 Salaries Expense 27.000 Marcy Jones, Capital 111800 Dec. 31 Dec. 31 Insurance Expense 2,500 Dec. 31 Marcy Jones, Withdrawals 40,000 Dec. 31 Depreciation Expense 1.200 Income Summary Services Revenue 101,000 Dec. 31
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