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Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and
Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Service Revenue Aug. 31 6910 Interest Revenue 19 6929 Income Summary (To close revenue accounts) Income Summary Aug. 31 7450 Depreciation Expense 300 Supplies Expense 820 Salaries and Wages Expense 5780 Rent Expense 360 190 Advertising Expense (To close expense accounts) Aug. 31 Income Summary 16839 16839 Owner's Capital (To close net income to retained earnings) WITES Capital 8/1 Bal. 17,360 Income Summary 8/1 Bal. 8/1 8/3 8/5 8/10 8/12 8/15 8/20 8/22 8/25 8/27 8/29 8/31 8/31 Bal. Service Revenue 8/12 2.630 8/27 3,530 8/31 750 Interest Revenue 8/31 19 Depreciation Expense 300 8/31 Supplies Expense 8/31 820 Salaries and Wages Expense 8/10 1,600 8/25 2,730 8/31 1.450 Rent Expense 8/31 360 Advertising Expense 8/31 190
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