Question

Required information [The following information applies to the questions displayed below. Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debitor credit balances. Assume the year ended on September 30, 2018. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings salaries and Wages Expense Service Revenue Supplies Supplies Expense Travel Expense 606 306 906 306 206 206 306 3,206 306 106 206 506 106 406 1,506 2,206 6,218 506 206 2,606 2. Prepare the closing entry required at September 30, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit

Answer 1

2.)	Date	General Journal	Debit $	Credit $
	Sep.30 ,2018	Service Revenue	6,218
		Interest Revenue	106
		Depreciation Expense		306
		Income tax Expense		306
		Rent Expense		406
		Salaries and wages expense		2,206
		Supplies Expense		206
		Travel Expense		2,606
		Retained earnings (Balancing Figure)		288