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The following balances appear on the books of Sarah Simmons Enterprises: Simmons, Capital, $29,600; Simmons, Withdrawals, $10,500; Income Summary, $0; Service Revenue, $24,500; Salaries Expense,

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The following balances appear on the books of Sarah Simmons Enterprises: Simmons, Capital, $29,600; Simmons, Withdrawals, \$10,500; Income Summary, \$0; Service Revenue, \$24,500; Salaries Expense, \$6,200; Rent Expense, $3,500, and Advertising Expense, $2,000. All accounts have normal balances Read the requirements. Start by closing revenues

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