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The ledger of Rashid Travel Agency includes the following accounts with normal balances on December 31, 2020: Rashid, Capital BD25,000; Drawings BD3,200; Fees Earned BD4,000;
The ledger of Rashid Travel Agency includes the following accounts with normal balances on December 31, 2020: Rashid, Capital BD25,000; Drawings BD3,200; Fees Earned BD4,000; Ticket Revenues BD16,000; ;General Expense BD24,600 :Required Prepare the necessary closing entry for drawings from the available information on December .31, 2020 4 ) Debit Income Summary BD3200 and Credit Drawings BD3200 Debit Cash BD3200 and Credit Drawings BD3200 Debit Capital BD3200 and Credit Drawings BD3200
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