Selected accounts for Brianna’s Salon are presented below. All June 30 postings are from closing entries.
|
Salaries and Wages Expense |
|||
|
6/10 |
3,200 |
6/30 |
8,800 |
|
6/28 |
5,600 |
||
|
Service Revenue |
|||
|
6/30 |
18,100 |
6/15 |
9,700 |
|
6/24 |
8,400 |
||
|
Owner’s Capital |
|||
|
6/30 |
2,500 |
6/1 |
12,000 |
|
6/30 |
5,000 |
||
|
Supplies Expense |
|||
|
6/12 |
600 |
6/30 |
1,300 |
|
6/24 |
700 |
||
|
Rent Expense |
|||
|
6/1 |
3,000 |
6/30 |
3,000 |
|
Owner’s Drawings |
|||
|
6/13 |
1,000 |
6/30 |
2,500 |
|
6/25 |
1,500 |
Instructions
(a) Prepare the closing entries that were made.
(b) Post the closing entries to Income Summary.