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The ledger of Quintana Company contains the following balances: Owner's Capital $80,000, Owner's Drawings $10,000, Service Revenue $95,000, Salaries and Wages Expenses $65,000, and
The ledger of Quintana Company contains the following balances: Owner's Capital $80,000, Owner's Drawings $10,000, Service Revenue $95,000, Salaries and Wages Expenses $65,000, and Maintenance and Repairs Expenses $15,000. Prepare the closing entries on December 31.
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Closing Entries for Quintana Company on December 31 1 Close Revenue accounts to Income Summary Debit ...
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
