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The partial worksheet for the Samuels Company showed the following data on October 31, 20X1: ACCOUNT NAME INCOME STATEMENT BALANCE SHEET DEBIT CREDIT DEBIT CREDIT
The partial worksheet for the Samuels Company showed the following data on October 31, 20X1: ACCOUNT NAME INCOME STATEMENT BALANCE SHEET DEBIT CREDIT DEBIT CREDIT D. Samuels, Capital 31,900 D. Samuels, Drawing 3,950 Fees income 29,600 Salaries expense 24,600 Rent expense 3,900 Supplies expense 990 Telephone expense 1,950 Depreciation expenseFurniture 2,650 Totals 34,090 29,600 46,910 51,400 Net loss 4,490 4,490 34,090 34,090 51,400 51,400 Prepare the closing entries for the Samuels Company on October 31, 20X1
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