Ask Question
29 October, 19:45

The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $800; Service Revenue $13,000; Wages Expense $8,400; and Rent Expense $1600.

Prepare the neccessary closing entries from the available information December 31.

+3
Answers (1)
  1. 29 October, 19:48
    0
    Closing Journal Entries

    Dr. Cr.

    Capital $800

    Withdrawals $800

    Service Revenue $13,000

    Income Summary $13,000

    Income Summary $10,000

    Wages Expense $8,400

    Rent Expense $1,600
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $800; Service ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers