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  3. below are the balances of a partial adjusted trial

Below are the balances of a partial adjusted trial balance for Web & Company as...

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Accounting

  1. Below are the balances of a partial adjusted trial balance for Web & Company as of December 31, 2013:

Prepare the closing entries.

Dr. Cr.

Michelle Web, Capital 50,000

Anthony Capp, Capital 40,000

Michelle Web, Drawing 20,000

Anthony Capp, Drawing 15,000

Service Revenue 125,000

Salaries Revenue 80,000

Rent Expense 20,000

Other Expenses 10,000

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