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Task III CLOSING THE ACCOUNTS-25 points Given the following adjusted balances, prepare closing entries. Accounts Receivable 10 Building 748 100 Accounts Payable 60 Unearned Revenue
Task III CLOSING THE ACCOUNTS-25 points Given the following adjusted balances, prepare closing entries. Accounts Receivable 10 Building 748 100 Accounts Payable 60 Unearned Revenue 15 Capital Withdrawals Ticket Revenue400 Popcorn Revenue 100 Rent Expense Supplies Expense 50 Telephone Expense 72 550 36 Required Prepare the journal entry to close the revenue accounts: (Use the space below) Prepare the journal entry to close the expense accounts: (Use the space below) Prepare the journal entry to close the income summary account: (Use the space below) Prepare the journal entry to close the withdrawals account: (Use the space below)
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