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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

Close all the expense accounts for the period.

Date

Accounts and Explanation

Debit

Credit

Dec. 31

Close Income Summary.

Date

Accounts and Explanation

Debit

Credit

Dec. 31

Close withdrawals.

Date

Accounts and Explanation

Debit

Credit

Dec. 31

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