The accountant for Klein Photography has posted adjusting entries (a)-(e) to the following selected accounts at December 31, 2012.
Accounts receivable Supplies
46,000 5,000 (b) 2,400
(a) 2,000
Accumulated depr.-furniture Accumulated depr.-building
8,000 30,000
(c) 800 (d) 6,200
Salary Payable Klein, capital
(e) 700 47,000
Klein, drawing Service revenue
57,000 108,000
(a) 2,000
Salary expense Supplies expense
25,400 (b) 2,400
(e) 700
Depreciation expense-furniture Depreciation expense-furniture
(c) 800 (d) 6,200
Requirements:
1. Journalize Klein Photography s closing entries at December 31, 2012
2. Determine Klein Photography s ending Klein, capital balance at December 31, 2012.