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Prepare the end of the period closing entries for the Fitness Centre. 2. The following are the adjusted account balances of Sally's Salon and Spa

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Prepare the end of the period closing entries for the Fitness Centre. 2. The following are the adjusted account balances of Sally's Salon and Spa as at June 30, 2017, the business year end. The accounts are listed in alphabetical order, and all are in their normal balance. Accounts payable $ 2.340 Note receivable $ 5,000 Accounts receivable 500 Prepaid insurance 620 Accumulated depreciation - computers 2.000 Rent expense 24,000 Accumulated depreciation - shop equipment 6,320 S. Juul-Hansen, capital 11,760 Cash 3,250 S. Juul-Hansen, drawings 12,004 Computers 6.000 Service revenue 125,600 Depreciation expense 4.160 Shop equipment 15,800 Insurance expense 2.000 Supplies 1.196 Interest expense 100 Supplies expense 4,566 Note payable 14.000 Wages expense 82.840 Additional information: The note payable is due January 31, 2018. During the year, Sally Juul-Hansen invested $10.000. Instructions Prepare the income statement, statement of owner equity, and classified balance sheet for Sally's June 30, 2017 year end in good format

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