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The ledger of Rios Company contains the following balances: Owners Capital $30,253; Owners Drawings $2,693; Service Revenue $49,371; Salaries and Wages Expense $28,949; and Supplies
The ledger of Rios Company contains the following balances: Owners Capital $30,253; Owners Drawings $2,693; Service Revenue $49,371; Salaries and Wages Expense $28,949; and Supplies Expense $7,93:
| (1) | Close revenue accounts. |
| (2) | Close expense accounts. |
| (3) | Close net income/(loss). |
| (4) | Close drawings |
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
