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not sure how ti fill the rest of the t chart out The following balances appear on the bocks of Harvey Timan Enterprises: Retained Earnings,
not sure how ti fill the rest of the t chart out
The following balances appear on the bocks of Harvey Timan Enterprises: Retained Earnings, $20,300; Dividends, $9,100; income Summary, 50; Sorvice Revenue, $24,100; Salarios Expense, \$7,000: Rent Expense \$3,000, and Advertising Expense, $3,200. Alt accounts have normal balances. Read the requirements. Close income Summary. Next, close the income Summary account and calculate the pest closing balance ("Bal.) tor the income Summary account. For any accounts with a zero balance after closing, onter a "0" on the ". normal side of the account. The following balances appear on the books of Harvey Timan Enterprises: Retained Eamings, $20,300; Dividends, $9,100; Income Summary, $0, Service Revenue, $24, 100; Salaries Expense, \$7.000: Rent Expense \$3,000; and Advertising Expense, \$3,200. Al accounts have normal balances. Read the poguitemeats. Ciose all the expense accounts for the period and calculate the post-dosing balance ("Bal.") of each expense account and the Service Revenue account, For any account with a zero balance atior dosing, entec a "o" on the normal side of the account. For income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the income Sumtirary account. Do not clos the lecome Summary account in this thep Step by Step Solution
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