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Olivia Rodrigo Co. prepared the following closing entries on June 30, 2021. Owner's Drawing for the month was $14,250. Instructions: Prepare closing entries #3 and
Olivia Rodrigo Co. prepared the following closing entries on June 30, 2021. Owner's Drawing for the month was $14,250. Instructions: Prepare closing entries #3 and #4. Prepare income statement of June 2021. 52.900 CLOSING ENTRIES #1 Sales Revenue Interest Revenue Income Summary 2.500 55.400 76.600 #2 Income Summary Salaries Expense Rent Expense Depreciation Expense Supplies Expense Advertising Expense Interest Expense Insurance Expense 20.100 7.200 15.300 8.400 13.500 5.400 6.700 #3 ? HA 22
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