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Carl Craft, Capital, September 1 $40,000 Accounts payable prepaid rent 3000 Service 7,000 24,000 5,000 revenue Carl Craft, Drawings Dental supplies expense 3,500 Cash

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Carl Craft, Capital, September 1 $40,000 Accounts payable prepaid rent 3000 Service 7,000 24,000 5,000 revenue Carl Craft, Drawings Dental supplies expense 3,500 Cash 6,000 Utilities expense Dental supplies 2,800 Salaries expense Accounts receivable 14,000 Rent expense 2,000 Unearned revenue Rent revenue 1800 3000 700 7,000 Instructions 1.what is the closing entry to close expenses? 2. Compute the total assets on September 30? 3. if the amount in rent expense is the adjusting entry for September, what was the the balance in prepaid rent at Sep 1 ?

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