Using the following partial listing of T accounts, prepare closing entries in general journal form dated May
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Using the following partial listing of T accounts, prepare closing entries in general journal form dated May 31, 20--. Then post the closing entries to the Taccounts.
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Income Supplies Expense 900 Cash 101 313 524 Summary Bal. 600 Bal. Accounts Lawn Service Insurance 122 401 535 Receivable Fees Expense 300 Bal. 5,000 Bal. 1,800 Bal. Postage Expense Bal. Wages Payable 219 Wages Expense 511 536 500 Bal. Bal. 400 40 Mark Thrasher, Capital Advertising Expense Gas and Oil 311 512 538 Expense 8,000 Bal. Bal. 600 Bal. 700 Mark Thrasher, Drawing 800 Travel Expense 100 Miscellaneous 312 515 549 Expense 200 Bal. Bal. Bal.
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