closing Entries

QS 4-7 Closing entries L03 Pure Plant Beauty is a sole proprietorship that has a developed a new line of skin care and makeup that uses natural and organic ingredients. The company showed the following adiusted account balances on Apr 2020. Prepare and post the closing entries. CHAPTER 4 Completing the Accounting Cycle and Classifying Accounts Assets Liabilities Capital 250 30 200 Withdrawals Revenue Expenses 20 100 60 Income Summary