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on the 2nd picture, im having trouble finding the retained earnings and income salary for July 31st. its the 2 red boxes. thank you! Date
on the 2nd picture, im having trouble finding the retained earnings and income salary for July 31st. its the 2 red boxes. thank you!
Date Account Titles and Explanation July 31 Service Revenue (To close revenue accounts) July 31 Income Summary Depreciation Expense Salaries and Wages Expense Utiities Expense (To close expense accounts) July 31 Retained Earnings 58,300 Income Summary (To close net income / (loss)) July 31 58,300 15,000 Step by Step Solution
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