Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help Selected accounts for Tamora's Salon are presented below. All June 30 postings are from dosing entries. Salaries and Wages Expense 6/10 3.200 6/28

Need help
image text in transcribed
image text in transcribed
Selected accounts for Tamora's Salon are presented below. All June 30 postings are from dosing entries. Salaries and Wages Expense 6/10 3.200 6/28 5,600 Bal 8.800 | 6/30 8.800 Supplies Expense 6/12 600 6/24 700 Bai 1.300 6130 1.300 Service Revenue 8/15 9.700 6/24 8.400 6/30 18.100 Bal 18.100 Rent Expense 614 3.000 Bal 3,000 6:30 3.000 Owner's Capital 6:30 2.500 671 12.000 5/30 5.000 Bal 14.500 Owner's Drawings 6/13 1.000 6/25 1.500 Bal 2.500 6/30 2.500 (a) Prepare the closing entries that were made. (Credit account titles are automatically indented when arourt is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit June 30 (To close revenue account) June 30 (To cose expense account) June 30 (Todose not income (s) June 30 To closed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions