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Use the following account balances from the adjusted trial balance of Gees Catering: Account Debit Balance Credit Balance Cash 12,500 Accounts payable 2,000 R. Gees,
Use the following account balances from the adjusted trial balance of Gees Catering:
Account | Debit Balance | Credit Balance |
---|---|---|
Cash | 12,500 | |
Accounts payable | 2,000 | |
R. Gees, Capital | 16,300 | |
R. Gees, Drawing | 1,000 | |
Fees revenue | 13,000 | |
Salary expense | 7,000 | |
Rent expense | 6,700 | |
Supplies expense | 6,000 |
Select the correct closing entry that Gees Catering would make to close their revenue account(s) at the end of the accounting period.
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