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Begin by closing out the revenue account. Journal Entry Date Account Titles PR Dr. Cr. 2018 May Close out the expense accounts. Journal Entry Date

Begin by closing out the revenue account. Journal Entry Date Account Titles PR Dr. Cr. 2018 May Close out the expense accounts. Journal Entry Date Account Titles PR Dr. Cr. 2017 May Close out Income Summary Journal Entry Date Account Titles PR Dr. Cr. 2018 May Close out the Withdrawals account. Journal Entry Date Account Titles PR Dr. Cr. 2017 May Micky Brown, Capital 310 Gas Expense 510 251 80 Advertising Exp. 512 Micky Brown, Withdr. 312 99 1117 Income Summary 314 Dep. Exp., Taxi 516 39 Taxi Fees 410 1,100

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