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Selected accounts for Sunland's Salon are presented below. All June 30 postings are from closing entries. A-Prepare the closing entries that were made. B- Post
Selected accounts for Sunland's Salon are presented below. All June 30 postings are from closing entries. A-Prepare the closing entries that were made.
B- Post closing entries to Income Summary.
SOURCES ing Exercise 4-11 a-b Selected accounts for Sunland's Salon are presented below. All June 30 postings are from clo Salaries and Wages Expense 6/10 by Study 6/28 2,500 5,210 7,7106/30 Supplies Expense Bal. 7,710 6/12 520 6/24 750 Bal. 1,270 6/30 1,270 Service Revenue 6/15 9,200 8,000 6/24 6/30 17,200 6/1 17,200 Bal. Rent Expense 3,060 3,060 6/30 Owner's Capital 2,120 6/1 Bal. 3,060 6/30 6/30 Bal. 11,900 5,160 14,940 Owner's Drawings 6/13 500 6/25 Bal. 1,620 2,1206/30 2,120 Prepare the dosing entries that were made. (Credit account titles are automatically indente Debit Credit Date Account Titles and Explanation June 30 (To close revenue account) June 30 Prepare the closing entries that were made. (Credit account titles are automatically indented when ama Date Account Titles and Explanation Debit Credit June 30 (To close revenue account) June 30 (To dose expense account) June 30 (To close net income / (loss)) June 30 (To close drawings) SHOW LIST OF ACCOUNTS LINK TO TEXT Post the closing entries to Income Summary. (Post entries in the order of journal en Income Summary Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT
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