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how to fill this journal entry ? Check My Work In preparing closing entries, recall that (1) Difference in revenue and expense account balances are
how to fill this journal entry ?
Check My Work In preparing closing entries, recall that (1) Difference in revenue and expense account balances are transterred to the owner's capital account; and (2) The balance of the owner's drawhy account is transterred to the owner's capital account. Instructiona the accountant tor Finders invessgabve Services prepared an end-ol-penod spreadshect a part of which follows: Finden investigative Services End-of Period Spreadaheet For the Year Ended June 30, 20Y3 - Adjustad Trial Balance Account Trle - Dr a Cash 20,300 Accounts Recelvabie - 69.400 Supolies 4600 Prepaid insurance 2500 Bulding 43000 Acamulahed Depreciation-8ulding - Acoouns Payable - 11,600 Sabres Payable 3.000 Unearned Rent 1,800 Stacy Tanner, Capital 372.000 Stacy Tanner, Drawing 11,900 Service fees 708.650 Rent Revenue - 11.900 Salaries Expense - 523.900 Rent Expense 47.600 Supples Expenso 10,800 Depreciason Expense-Bulding - 7,500 Utries Expense - 7280 Repain Expense heurance Expense 2.800 Mscelaneous Expense (-) 2,800 - 5.600 1,150.9501,150,950 Requitred: 1. Prepare an income statement, a statement of owner's equily inoStep by Step Solution
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