Acc557 Financial Accounting: E4-7 Lanza Company had the following adjusted trial balance

Acc557 Financial Accounting

Exercise 4-7
Lanza Company had the following adjusted trial balance.
Adjusted Trial Balance
For the Month Ended June 30, 2014
Account Titles Debit Credit
Cash 3,712
Accounts Receivable 3,904
Supplies 480
Accounts Payable 1,556
Unearned Service Revenue 160
Common Stock 4,000
Retained Earnings 1,760
Dividends 600
Service Revenue 4,300
Salaries and Wages Expense 1,344
Miscellaneous Expense 180
Supplies Expense 1,900
Salaries and Wages Payable 344
12,120 12,120
a. Prepare closing entries at June 30, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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