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Exercise 6.1 (Algo) Journalize closing entries. LO 6-1 On December 31, 20X1, the ledger of Lopez Company contained the following account balances: con=con&external browser=0&launchUrl=https%253A%252F%252Fims.mheducation osing
Exercise 6.1 (Algo) Journalize closing entries. LO 6-1 On December 31, 20X1, the ledger of Lopez Company contained the following account balances:
con=con&external browser=0&launchUrl=https%253A%252F%252Fims.mheducation osing Entries an... Homework Saved 1 Exercise 6.1 (Algo) Journalize closing entries. LO 6-1 On December 31, 20X1, the ledger of Lopez Company contained the following account balances: 5 Book Hint Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Maria Lopez, Capital $32,800 Maria Lopez, Drawing 2,800 Fees income 2,000 Depreciation expense 25,800 Salaries expense 2,400 Supplies expense 2,900 Telephone expense 48,050 Utilities expense $13,300 52,750 2,650 16,800 2,900 2,500 4,550 Print erences All the accounts have normal balances. Prere the closing entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 Record the closing entry for revenueStep by Step Solution
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