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An alphabetical list of the adjusted account balances (all accounts have normal balances) at August 31, 2021, for Wildhorse Bowling Lanes is as follows: Accounts
An alphabetical list of the adjusted account balances (all accounts have normal balances) at August 31, 2021, for Wildhorse Bowling Lanes is as follows: Accounts payable $9,100 Notes payable $25,100 Accounts receivable 11,080 Prepaid insurance 820 Accumulated depreciation-equipment 18,600 Service revenue 36,800 Cash 19,840 Supplies 740 Depreciation expense 9,300 Supplies expense 7,845 Equipment 83,545 T. Williams, capital 85,500 Insurance expense 4,100 T. Williams, drawings 18,500 Interest expense 1,400 Unearned revenue 980 Prepare the closing entries at August 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation Aug. 31 Aug. 31 (To close revenue accounts) Aug. 31 Aug. 31 (To close expense accounts) (To close profit to capital) (To close drawings account) Debit Credit
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