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***I need help with finding the missing part that has an x by it for capital right below Income Statement DEBIT CREDIT ACCOUNT TITLE Cash
***I need help with finding the missing part that has an x by it for capital right below
Income Statement DEBIT CREDIT ACCOUNT TITLE Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accum. Depr.-Office Equipment Accounts Payable Wages Payable Ed Major, Capital Ed Major, Drawing Advising Fees Wages Expense Advertising Expense Balance Sheet DEBIT CREDIT 1,339.00 935.00 346.00 800.00 3,500.00 200.00 1,000.00 300.00 4,100.00 900.00 4,140.00 700.00 90.00 Rent Expense 500.00 150.00 67.00 48.00 Supplies Expense Phone Expense Electricity Expense Insurance Expense Gas and Oil Expense Depr. Expense-Office Equipment 89.00 53.00 200.00 Miccollananue Evnenca 22 on Miscellaneous Expense 23.00 Net Income 1,920.00 4,140.00 7,820.00 5,600.00 2,220.00 2,220.00 4,140.00 4,140.00 7,820.00 7,820.00 1. Enter the existing balance for each T account. Select Bal. and enter the amount. 3. Post the closing entries to the T accounts. If there is more than one closing entry for an account, enter in the order given in the journal. 311 Closing Ed Major, Capital 900 Bal. Closing 4,100 2,220 Bal. 312 Bal. Ed Major, Drawing C 900 Closing 900Step by Step Solution
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