Question
Brett Thompson Enterprises had the following accounts and normal balances listed on its adjusted trial? balance: Service? Revenue, $ 23,900?; Salaries? Expense, $ 6,900?; Rent?
Brett Thompson Enterprises had the following accounts and normal balances listed on its adjusted trial? balance: Service? Revenue, $ 23,900?; Salaries? Expense, $ 6,900?; Rent? Expense, $ 4,200?; Advertising? Expense, $ 2,100?; Thompson?, ?Withdrawals, $ 8,500. Journalize the closing entries for Thompson Enterprises.
(Record debits? first, then credits. Explanations will appear on the last line of the journal entry? table.)
Start by closing revenues.
Date | Accounts and Explanation | Debit | Credit | ||
Dec. 31 |
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Close all the expense accounts for the period.
Date | Accounts and Explanation | Debit | Credit | ||
Dec. 31 |
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Close Income Summary.
Date | Accounts and Explanation | Debit | Credit | ||
Dec. 31 |
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Close withdrawals.
Date | Accounts and Explanation | Debit | Credit | ||
Dec. 31 |
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