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help me jounalize and post closing entries and make t accounts Income Statement For the Month Ended March 31, 2025 Revenues Service Revenue- Expenses Maintenance
help me jounalize and post closing entries and make t accounts
Income Statement For the Month Ended March 31, 2025 Revenues Service Revenue- Expenses Maintenance and Repairs Expense Supplies Expense $330 Depreciation Expense $7620 Insurance Expense Salarles and Wages Expense: Rent Expense Interest Expense Total Expenses NOVAK CLEANERS Retained Earnings Statement For the Month Ended March 31, 2025 Retained Earnings, March 1 Retained Earnings, March 31 Date Account Titles and Explanation Debit Credit Mar. 31 Service Revenue 7620 Income Summary (To close revenue account) Mar. 31 Income Summary 5787 Malntenance and Repairs Expense Supplles Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Rent Expense Interest Expense (To close expense accounts) (To close expense accounts) Mar. 31 Income Summary Retained Earnings (To close net income to retained earnings) Mar. 31 Retained Earnings Dividends (To close dividends to retained earnings) Income Summary Service Revenue Maintenance and Repairs Expense Supplies Expense 3/31 1,620 Depreciation Expense Insurance Expense \begin{tabular}{r|r|r|} \hline 3/31 & 400 & \\ \hline & & \end{tabular} Rent Expense Step by Step Solution
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