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Instructions Closing Entries Post Closing Entries Instructions 1. Prepare closing entries dated June 30, 20. Do not enter in

Instructions Closing Entries Post Closing Entries Instructions 219 Wages Payable Bal. 260 Raquel Zapata, Capital Bal. 6,000 R

PUSLIUS LILIUS Instructions Income Summary 313 Referral Fees 401 2,813 Wages Expense Bal. 1,080 Advertising Expense Feedback

Instructions Closing Entries Post Closing Entries Instructions Advertising Expense Bal. Rent Expense 900 Supplies Expense Bal

Instructions Closing Entries Post Closing Entries Instructions Phone Expense Bal Utilities Expense Insurance Expense Bal. Fee

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Show Me How Calculator Instructions Closing Entries Post Closing Entries Closing Entries Supplies Expense Phone Expense Utili

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Answer #1

1.

DATE DESCRIPTION POST. REF. DEBIT CREDIT
1 20-- June 30 Referral fees 401 2813
2 Income summary 313 2813
3
4 June 30 Income summary 313 2987
5 Wages expense 511 1080
6 Advertising expense 512 34
7 Rent expense 521 900
8 Supplies expense 523 322
9 Phone expense 525 133
10 Utilities expense 533 102
11 Insurance expense 535 120
12 Gas and oil expense 538 88
13 Depr. Exp.-Office equip. 541 110
14 Miscellaneous expense 549 98
15
16 June 30 Raquel Zapata, Capital 311 174
17 Income summary ($2987 - $2813) 313 174
18
19 June 30 Raquel Zapata, Capital 311 2000
20 Raquel Zapata, Drawing 312 2000
21

2.

Raquel Zapata, Capital 311
Closing 174 Bal. 6000
Closing 2000
Bal. 3826
Raquel Zapata, Drawing 312
Bal. 2000 Closing 2000
Income Summary 313
Closing 2987 Closing 2813
Closing 174
Referral Fees 401
Closing 2813 Bal. 2813
Wages Expense 511
Bal. 1080 Closing 1080
Advertising Expense 512
Bal. 34 Closing 34
Rent Expense 521
Bal. 900 Closing 900
Supplies Expense 523
Bal. 322 Closing 322
Phone Expense 525
Bal. 133 Closing 133
Utilities Expense 533
Bal. 102 Closing 102
Insurance Expense 535
Bal. 120 Closing 120
Gas and Oil Expense 538
Bal. 88 Closing 88
Depr. Exp.-Office Equip. 541
Bal. 110 Closing 110
Miscellaenous Expense 549
Bal. 98 Closing 98
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