Question
Take me to the text Felicity's Custom Framing has journalized their adjusting entries and prepared their adjusted trial balance using the adjusted trial balance,
Take me to the text Felicity's Custom Framing has journalized their adjusting entries and prepared their adjusted trial balance using the adjusted trial balance, prepare the closing entries using the income summary account for the month of May Felicity's Custom Framing Adjusted Trial Balance May 31, 2019 Account Titles DR CR Cash $8,550 Accounts Receivable $2,330 Prepaid Insurance $2,720 Equipment $23,080 Accumulated Depreciation $1,600 Accounts Payable $3,010 Interest Payable $120 Unearned Revenue $1,510 Bank Loan $5,710 Felicity, Capital $21,530 Felicity, Withdrawals $2,710 Service Revenue $9,990 Depreciation Expense $200 Insurance Expense $190 Interest Expense $120 Office Supplies Expense $210 Rent Expense $1,140 Salaries Expense $2,020 Telephone Expense $200 Total $43,470 $43,470
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