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QUESTION 2 The income statement of Springdale Dental Centre is as follows: Complete the Journal entries below Application 4 marks Date Particulars PR DR CR
QUESTION 2 The income statement of Springdale Dental Centre is as follows: Complete the Journal entries below Application 4 marks Date Particulars PR DR CR $35,900 $8,350 SPRINGDALE DENTAL CENTRE Income Statement Year Ended December 31, 2020 Revenue Service Revenue Dental Appliance Revenue Expenses Salaries Expense Amortization Expense Supplies Expense Rent Expense Telephone & Internet Expense Advertising Expense Total Expenses Net Income $25,420 1390 2300 3,250 310 1,500 34,170 $10,080 On December 1, the balance in Raj Gill, Capital was $42,500. During December, Raj withdrew $20,500 cash for personal use. Prepare closing entries at December 31
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