Acc280 Financial Accounting: AE4-11 Selected accounts for Nina's Salon are presented below

Acc280 Financial Accounting
AE4-11:
Selected accounts for Nina's Salon are presented below. All June 30 postings are from closing entries.
Salaries Expense Service Revenue Retained Earnings
6/10 3,670 6/30 9,350 6/30 16,010 6/15 6,760 6/30 3,150 6/1 13,000
6/28 5,680 6/24 9,250 6/30 1,950
Bal $11,800

Supplies Expense Rent Expense Dividends
6/12 630 6/30 1,360 6/1 3,350 6/30 3,350 6/13 973 6/30 3,150
6/24 730 6/25 2,177


Instructions:
a) Prepare the closing entries that were made.
b) Post the closing entries to Income Summary.
Powered by