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Question 2 The income statement for the Windsor, Inc. for the month ended July 31 shows Service Revenue $18.760, Salaries and Wages Expanse $9,350, Maintenance
Question 2 The income statement for the Windsor, Inc. for the month ended July 31 shows Service Revenue $18.760, Salaries and Wages Expanse $9,350, Maintenance and Repairs Expense $2,970, and Income Tax Expense $1,360. The statement of retained cornings shows an opening balance for Retained Earnings of $22,090 and Dividends $1,610. (a) Prepare closing Journal entries. (If no entry is required, select "No Entry" for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit 13260 July 31 ser 18760 Income Summary (To close revenue account) July 31 (Todose expense accounts) July 31 (To dete net income/ cortined comings) 12:52 Date Account Titles and Explanation Debit Credit July 31 ser 18760 18760 Income Summary (To close revenue account) July 31 (To close expense accounts) July 31 (To close net income/(loss) to retained earnings) July 31 (To close dividends to retained earnings) Click if you would like to Show Work for this question: Open Show Work
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