Problem

(L.OBJ. 3) Journalizing closing entries (10-15 min] It is December 31 and time for you...

(L.OBJ. 3) Journalizing closing entries (10-15 min]

It is December 31 and time for you to close the books.

Requirement

1. Journalize the closing entries for Brett Kauffman Enterprises:

a. Withdrawals, $9,000

b. Service revenue, $24,300

c. Make a single closing entry for all the expenses: Salary $6,600; Rent, $3,600; Advertising, $3,300

d. income summary

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