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Required information [The following information applies to the questions displayed below.] Starbooks Corporation provides an online bookstore for electronic books. The following is a
Required information [The following information applies to the questions displayed below.] Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021. Accounts Payable. Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense. Service Revenue Supplies Supplies Expense. Travel Expense $ 598 298 898 298 198 198 298 3,198 298 98 198 498 98 398 1,498 2,1981 6,194 498 198 2,598 2. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Supplies Supplies Expense Travel Expense 498 198 2,598 2. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, seled Required" in the first account field.) No Date 1 September 30, 202 Service Revenue Interest Revenue Answer is complete but not entirely correct. Retained Earnings Supplies Expense General Journal Travel Expense Salaries and Wages Expense Rent Expense Income Tax Expense Depreciation Expense Debit Credit 6,194 98 1,498 198 2,598 2,198 398 298 298
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