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Blossom Company had the following adjusted trial balance. Blossom Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles
Blossom Company had the following adjusted trial balance.
Blossom Company Adjusted Trial Balance For the Month Ended June 30, 2020 | ||||
Adjusted Trial Balance | ||||
Account Titles | Debit | Credit | ||
Cash | $3,720 | |||
Accounts Receivable | 3,750 | |||
Supplies | 570 | |||
Accounts Payable | $1,800 | |||
Unearned Service Revenue | 140 | |||
Owners Capital | 4,000 | |||
Owners Drawings | 420 | |||
Service Revenue | 5,130 | |||
Salaries and Wages Expense | 1,300 | |||
Miscellaneous Expense | 250 | |||
Supplies Expense | 1,730 | |||
Salaries and Wages Payable | 670 | |||
$11,740 | $11,740 |
Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. (To close revenue account) 2. (To close expense accounts) 3. (To close net income / (loss)) 4. (To close drawings)
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