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Requirements 1. Journalize Kempton Photography's closing entries at December 31, 2024. 2. Determine Kempton Photography's ending Kempton, Capital balance at December 31, 2024. Requirement 1.
Requirements 1. Journalize Kempton Photography's closing entries at December 31, 2024. 2. Determine Kempton Photography's ending Kempton, Capital balance at December 31, 2024. Requirement 1. Journalize Kempton Photography's closing entries at December 31, 2024. (Record debits first, the Data Table Start by closing revenues. Date Accounts and Explanation Debit Credit Kempton, Capital Dec. 31 46.000 Clos. (1) Kempton, Withdrawals Service Revenue 25,000 36.000 6,500 Salaries Expense Supplies Expense 3,100 31,100 800 Depreciation Expense-Furniture Depreciation ExpenseBuilding 7,3001 1,000
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