Closing Entries
Make the closing entry (or entries) necessary to close the following accounts:
|
Salary Expense |
$18,000 |
|
Unearned Service Revenue |
4,700 |
|
Paid In Capital |
2,000 |
|
Cash |
800 |
|
Service Revenue |
20,000 |
|
Rent Expense |
6,400 |
|
Retained Earnings (beginning) |
1,500 |
|
Prepaid Rent Expense |
3,000 |