Acc557 Financial Accounting: E4-11 Selected accounts for Nina's Salon are presented below

Acc557 Financial Accounting
E4-11
Selected accounts for Nina's Salon are presented below. All June 30 postings are from closing entries.
Salaries Expense
6/10 3,200 6/30 8,800
6/28 5,600

Supplies Expense
6/12 600 6/30 1,300
6/24 700

Service Revenue
6/30 15,100 6/15 6,700
6/24 8,400

Rent Expense
6/1 3,000 6/30 3,000

Retained Earnings
6/30 2,500 6/1 12,000
6/30 2,000
Bal $11,500

Dividends
6/13 1,000 6/30 2,500
6/25 1,500

Instructions:
(a) Prepare the closing entries that were made. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
(b) Post the closing entries to Income Summary.
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