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Exercise 192 Prepare the necessary closing entries based on the following selected accounts. (Credit account titles are automatically indented when the amount is entered. Do

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Exercise 192 Prepare the necessary closing entries based on the following selected accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Accumulated Depreciation $10,000 Depreciation Expense 6,000 Owner's Capital 20,000 Owner's Drawings 9,000 Salaries and Wages Expense 19,000 Service Revenue 40,000 Account Titles and Explanation Debit Credit (To close revenue account) (To close expense accont) (To close net income/loss) (To close owner's drawings) Click if you would like to Show Work for this question: Open Show Work

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