Brief Exercise 4-6 The income statement for Weeping Willow Golf Club for the month ending July 31 shows Service Revenue $15,567, Salaries and Wages Expense $8,778, Maintenance and Repairs Expense $1,566, and Net Income $5,223.

Prepare the entries to close the revenue and expense accounts.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
July 31
(To close revenue account.)
July 31
(To close expense accounts.)

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Post the entries to the revenue and expense accounts, and complete the closing process for these accounts using the three-column form of account.

Service Revenue
Date	Explanation	Ref	Debit	Credit	Balance
7/31	Balance
7/31	Closing entry
Salaries and Wages Expense
Date	Explanation	Ref	Debit	Credit	Balance
7/31	Balance
7/31	Closing entry
Maintenance and Repairs Expense
Date	Explanation	Ref	Debit	Credit	Balance
7/31	Balance
7/31	Closing entry

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Exercise 4-6

Selected worksheet data for Elsayed Company are presented below.

Fill in the missing amounts.

Trial Balance	Adjusted Trial Balance
Account Titles	Debit	Credit	Debit	Credit
Accounts Receivable		33,267
Prepaid Insurance	25,389	20,717
Supplies	6,606
Accumulated DepreciationEquipment	11,200
Salaries and Wages Payable		5,179
Service Revenue	88,028	97,144
Insurance Expense
Depreciation Expense	11,438
Supplies Expense	4,058
Salaries and Wages Expense		48,615

SHOW LIST OF ACCOUNTS

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Prepare the adjusting entries that were made.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
(To record service revenue on account.)
(To record expired insurance.)
(To record supplies used.)
(To record depreciation.)
(To record accrued salaries.)