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E4.11 (LO 2), AP Selected accounts for Tamoras Salon are presented here. All June 30 postings are from closing entries. Salaries and Wages Expense 6/10

E4.11 (LO 2), AP Selected accounts for Tamoras Salon are presented here. All June 30 postings are from closing entries.

Salaries and Wages Expense
6/10 3,200
6/28 5,600
Bal. 8,800 6/30 8,800
Supplies Expense
6/12 600
6/24 700
Bal. 1,300 6/30 1,300
Service Revenue
6/15 9,700
6/24 8,400
6/30 18,100 Bal. 18,100
Rent Expense
6/1 3,000
Bal. 3,000 6/30 3,000
Owners Capital
6/30 2,500 6/1 12,000
6/30 5,000
Bal. 14,500
Owners Drawings
6/13 1,000
6/25 1,500
Bal. 2,500 6/30 2,500

Instructions

  1. Prepare the closing entries that were made.
  2. Post the closing entries to Income Summary.

Prepare correcting entries.

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