Question

Working papers

Answer this question as soon as possible thanks

Activity Four: Closing Entries: Using the information below foumalize your closing entries on the General Journal form. Purrfect Relaxations General Ledger Balances For Year Ended December 31, 2019 CR Balances DR 110,000 16,450 12.000 6,500 1,800 20.000 5,000 8,500 1,500 189,000 38.000 Account Cash Accounts Receivable Merchandise Inventory Supplies Prepaid Insurance Spa Equipment Acc. Deprec, Spa Equipment Accounts Payable Wages Payable Martin Sharpe, Capital Martin Sharpe, Withdrawals Income Summary Sales Rental Income Sales Returns & Allowances Sales Discounts Cost of Goods Sold Wages Expense Advertising Expense Rent Expense Deprec Exp. Spa Equipment Supplies Expense Insurance Expense 169,400 45,000 6.000 3.050 128 200 45.000 1.000 18.000 10.000 1.500 900 418 400 418,400 Activity Four. Closing Entries: Generl Journal Account Titles and Explanation Date Pas 34 Credit PR Debit