Question
Please help me with this question. Closing Entries Victoria Lee Company had the following adjusted trial balance. VICTORIA LEE COMPANY Adjusted Trial Balance For the
Please help me with this question.
Closing Entries
Victoria Lee Company had the following adjusted trial balance.
VICTORIA LEE COMPANY Adjusted Trial Balance For the Month Ended June 30, 2019
Adjusted Trial Balance
Account Titles Debit Credit
Cash $ 3,712
Accounts Receivable 3,904
Supplies 480
Accounts Payable $ 1,382
Unearned Service Revenue 160
Owners Capital 5,760
Owners Drawings 550
Service Revenue 4,300
Salaries and Wages Expense 1,260
Miscellaneous Expense 256
Supplies Expense 1,900
Salaries and Wages Payable 460
Total $12,062 $12,062
Instruction: Prepare closing entries at June 30, 2019
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started