Question
Question 17 (15 marks) Sally's Chef Services has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare
Question 17 (15 marks) Sally's Chef Services has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries using the income summary account for the month of February. Sally's Chef Services Adjusted Trial Balance March 31, 2022 Account Title Debit Credit Cash $7,700 Accounts Receivable $3,200 Prepaid Insurance $3,600 Accounts Payable Unearned Revenue Perry, Capital Perry, Withdrawals Service Revenue Advertising Expense Insurance Expense Rent Expense Total $1,900 $1,700 $7,990 $2,400 $7,480 $370 $690 $1,110 $19,070 $19,070 For the closing of the expense accounts, enter the expense accounts in alphabetica order. (See next page for continuation of the question)
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