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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
- Prepare the closing entries that were made.
- Post the closing entries to Income Summary.
Prepare correcting entries.
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