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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: Use the previous information for question 1 to :question 5 Prepare the necessary closing entry for revenues from the available .information on December 31, 2020 (4) ) Debit Fees Earned BD4,000 & Ticket Revenues BD16,000 and Credit Income O Summary BD20,000 Debit Ticket Revenues BD16,000 and Credit Income Summary BD16,000 Debit Income Summary BD20,000 and Credit Fees Earned BD4,000 & Ticket O Revenues BD16,000
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