using the closing entries answer question E4-13

1] The Closing Journal Entries will be as follows- 2] There is Net Loss of $6900 -13 Use the data from your solution to E4-10 to prepare Pria's Music Lesson's classified balance sheet at December 31, 2020. Use the report format. Alternatively, you may use the data from E4-9, but you will need to compute the ending balance of P. Chai, Capital first. \begin{tabular}{|c|l|c|c|} \hline \multicolumn{1}{|c|}{ Date } & \multicolumn{1}{c|}{ Accounts Titles and Explanation } & Debit & Credit \\ \hline 31-Dec & Service Revenue & $61,000 & \\ \hline & Income Summary & & $61,000 \\ \hline & (To Close Revenue Account] & & \\ \hline 31-Dec & Income Summary & $67,900 & \\ \hline & Salaries Expense & & $45,200 \\ \hline & Rent Expense & & $15,650 \\ \hline & Amortization Expense & & $1,200 \\ \hline & Supplies Expense & & $2,650 \\ \hline & Uilities Expense & & $3,200 \\ \hline & [To Close Expenses Account] & & \\ \hline 31-Dec & P. Chai, Capital & & \\ \hline & Income Summary & & $6,900 \\ \hline & [To Close Net Loss] & & \\ \hline 31-Dec & P. Chai, Capital & & \\ \hline & P. Chai, Withdrawals & & \\ \hline & [To Close Withdrawals] & & \\ \hline \end{tabular} 1] The Closing Journal Entries will be as follows- 2] There is Net Loss of $6900 -13 Use the data from your solution to E4-10 to prepare Pria's Music Lesson's classified balance sheet at December 31, 2020. Use the report format. Alternatively, you may use the data from E4-9, but you will need to compute the ending balance of P. Chai, Capital first. \begin{tabular}{|c|l|c|c|} \hline \multicolumn{1}{|c|}{ Date } & \multicolumn{1}{c|}{ Accounts Titles and Explanation } & Debit & Credit \\ \hline 31-Dec & Service Revenue & $61,000 & \\ \hline & Income Summary & & $61,000 \\ \hline & (To Close Revenue Account] & & \\ \hline 31-Dec & Income Summary & $67,900 & \\ \hline & Salaries Expense & & $45,200 \\ \hline & Rent Expense & & $15,650 \\ \hline & Amortization Expense & & $1,200 \\ \hline & Supplies Expense & & $2,650 \\ \hline & Uilities Expense & & $3,200 \\ \hline & [To Close Expenses Account] & & \\ \hline 31-Dec & P. Chai, Capital & & \\ \hline & Income Summary & & $6,900 \\ \hline & [To Close Net Loss] & & \\ \hline 31-Dec & P. Chai, Capital & & \\ \hline & P. Chai, Withdrawals & & \\ \hline & [To Close Withdrawals] & & \\ \hline \end{tabular}