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The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $9,400; D. Mai, Withdrawals $1,000;
The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $9,400; D. Mai, Withdrawals $1,000; Services Revenue $17,000; Wages Expense $10,400; and Rent Expense $2,400. Prepare its December 31 closing entries.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
