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Exam # 2 Question #1: The income statement of Gentry's Shoe Repair is as follows: Income Statement For the Month Ended April 30, 2008 Revenue
Exam # 2 Question #1: The income statement of Gentry's Shoe Repair is as follows: Income Statement For the Month Ended April 30, 2008 Revenue Shoe Repair Revenu Expenses Salaries Expense Depreciation Expense... Utilities Expense Rent Expense Supplies Expense $3,400 350 400 600 Total Expense Net Income. On April 1, the owner, Lee Gentry, had a capital balance of $12,900. During April, $3,000 cash for personal use. Instructions (a) Prepare closing entries at April 30
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