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From the following posted T accounts , reconstruct the closing journal entries for March 31st,201x From the following posted T accounts, reconstruct the closing journal

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From the following posted T accounts , reconstruct the closing journal entries for March 31st,201x

From the following posted T accounts, reconstruct the closing journal entries for March 31, 201x. M. Faulks, Capital Withdrawals 1,700 8,000 (Mar. 1) Insurance Expense 300 Closing 300 4,200 Net Income M. Faulks, Withdrawals Wage Expense 1,700 Closing 1,700 100 Closing 100 Rent Expense Income Summary Expenses 1,100 Revenue 5,300 Closing 4,200 Balance 4,200 Salon Fees 200 Closing 200 Depreciation Expense, Equipment Closing 5,300 5,300 500 Closing 500

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