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Selected accounts for
KeelerKeeler
Photography at
DecemberDecember
3131,
20182018,
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Requirements
| 1. | Journalize KeelerKeeler Photography's closing entries at DecemberDecember 3131, 20182018. |
| 2. | Determine KeelerKeeler Photography's ending KeelerKeeler, Capital balance at DecemberDecember 3131, 20182018. |
Requirement 1. Journalize
KeelerKeeler
Photography's closing entries at
DecemberDecember
3131,
20182018.
(Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Start by closing revenues.
| Date | Accounts and Explanation | Debit | Credit |
| Dec. 31 | | | |
| Clos. (1) | | | |
| | | | | | |
| | | | | | |
| | | | | | | | | Keeler, Capital | | | | | | | | | 55,000 | | | | | | | | | | | | | Keeler, Withdrawals | | Service Revenue | | | 21,000 | | | | | | 36,000 | | | | | | | | | | 2,000 | | | | | Salaries Expense | | Supplies Expense | | | 31,100 | | | | | 3,400 | | | | | 500 | | | | | | | | | | | | | Depreciation ExpenseBuilding | | Depreciation ExpenseFurniture | | | 7,400 | | | | 1,900 | | | PrintDone |
Answer & Explanation
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