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elected accounts for Pharoahs Salon are as follows. All June 30 postings are from closing entries. Salaries and Wages Expense 6/10 2,600 6/30 8,120 6/28

elected accounts for Pharoahs Salon are as follows. All June 30 postings are from closing entries.

Salaries and Wages Expense

6/10

2,600

6/30

8,120

6/28

5,520

Supplies Expense

6/12

540

6/30

1,260

6/24

720

Service Revenue

6/30

18,400

6/15

8,800

6/24

9,600

Rent Expense

6/1

2,850

6/30

2,850

Owners Capital

6/30

2,430

6/1

12,200

6/30

6,170

Bal.

15,940

Owners Drawings

6/13

600

6/30

2,430

6/25

1,830

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

Date

Account Titles and Explanation

Debit

Credit

June 30

(To close revenue account)

June 30

(To close expense account)

June 30

(To close net income / (loss))

June 30

(To close drawings)

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