Question

Instructions A partial work sheet for the month ended june 30, 20-for Adams' Shoe Shine is shown Adams' Shoe Shine Work Sheet(Partian For Month Ended June 30, 20 INCOME STATEMENT DEBIT INCOME STATEMENT BALANCE SHEET BALANCE SHEET 2 ACCOUNT TITLE CREDIT DERIT CREDIT Cash 3.262.00 + Accounts Receivable 1.2400 HOOD 640.00 Supplies • Prepaid Insurance 7 Office Equipment 8 Accumulated Depreciation Office Equipment • Accounts Payable 2,100.00 110.00 1,850.00 280.00 6,000.00 10 Wages Payable 11 Mary Adams, Capital Mary Adams, Drawing 2,000.00

Answer 1

Please hit LIKE button if this helped. Part 1 Closing Entries: Part 2 T - Accounts a $ 4,813 Service Fee Income Summary (To close revenue accounts) $ 4,813 Service Fee Debit $ 4,813 Bal Credit Insurance Expense Debit Credit $ 120 b $ a $ 4,813 Bal 120 Гь $ 2,987 Wages Expense Debit Credit $ 1,080 b $ 1,080 Gas and Oil Expense Debit Credit $ 88 b $ Bal Bal 88 Income Summary Wages Expense Advertising Expense Rent Expense Supplies Expense Phone Expense Utilities Expense Insurance Expense Gas and oil expense Depreciation Expense-Office Equipment Miscellaneous Expense (To close expense accounts) $ 1,080 $ 34 $ 900 $ 322 $ 133 $ 102 $ 120 $ 88 $ 110 $ 98 Advertising Expense Debit Credit $ 34 b $ Depreciation Expense Debit Credit $ 110 b $ Bal 34 Bal 110 Rent Expense Debit Credit $ 900 b $ Miscellaneous Expense Debit Credit $ 98 b $ с $ 1,826 Bal 900 Bal 98 Income Summary Mary Adams, Capital (To close income summary accounts) $ 1,826 d $ 2,000 Mary Adams, Capital Mary Adams, Drawings (To close drawing account) Supplies Expense Debit Credit $ 322b $ Income Summary Debit Credit $ 2,987 a $ 4,813 $ 1,826 $ 2,000 Bal 322 b с Phone Expense Debit Credit $ 133 b $ Bal 133 d Mary Adams Capital Debit Credit $ 2,000 Bal $ 6,000 с $ 1,826 $ 5,826 Utilities Expense Debit Credit $ 102 b $ Bal 102 Mary Adams Drawing Debit Credit $ 2,000 d $ 2,000 Bal $