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After all adjustments have been made, but before the accounts have been closed, the following balances were taken from the ledger of Ramona's Designs: Accounts
After all adjustments have been made, but before the accounts have been closed, the following balances were taken from the ledger of Ramona's Designs: Accounts Payable Accounts Receivable Accumulated Depreciation Cash $27,600 Rent Expense 64,500 Salary Expense 73,325 Salaries Payable 17,150 Service Revenue 13,500 Supplies 165,000 Supplies Expense 2,510 Ramona Cross, Capital 6,275 Ramona Cross, Drawing $32,700 41,390 8,150 186,000 1,500 2,500 99,950 Depreciation Expense Equipment Insurance Expense Prepaid Insurance 48,000 Journalize the entries to close the appropriate accounts. If an amount box does not require an entry, leave it blank. Service Revenue Depreciation Expense Insurance Expense Rent Expense Salary Expense Supplies Expense Ramona Cross, Capital Ramona Cross, Capital Previous Next >
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