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please answer all and add any specifics. thank you! The ledger of Duston Company contains the following balances: Owner's Capital $30,000; Owner's Drawings $2,000; Service
please answer all and add any specifics. thank you!
The ledger of Duston Company contains the following balances: Owner's Capital $30,000; Owner's Drawings $2,000; Service Revenue s50,000; Salaries and Wages Expense $29,000; and Supplies Expense $7,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec.31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income/ (loss)) Dec. 31 To close drawings)Step by Step Solution
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