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The income statement of Marc's Gamestation Repair is as follows: MARC'S GAMESTATION REPAIR Income Statement Month Ended April 30, 2024 Revenue Service revenue $20,300 Expenses
The income statement of Marc's Gamestation Repair is as follows: MARC'S GAMESTATION REPAIR Income Statement Month Ended April 30, 2024 Revenue Service revenue $20,300 Expenses Salaries expense $3,180 Depreciation expense 480 Utilities expense 1,660 Rent expense 760 Supplies expense 1,090 Total expenses 7,170 Profit for the month $13,130 On April 1, the balance in Marc Young, Capital was $11,600. During April, Marc withdrew $8,700 cash for personal use.(a) Prepare closing entries at April 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Date Account Titles Debit Credit Apr. 30 v (To close revenue account.) Apr. 30 v (To close expense accounts.) Apr. 30 (To close expense accounts.) Apr. 30 (To close Income Summary.) Apr. 30 (To close Drawings account.)
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