The alphabetical listing below includes all of the adjusted account balances of T.O.s Dance Studio...
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Accounting
The alphabetical listing below includes all of the adjusted account balances of T.O.s Dance Studio as of December 31, 2015. All account balances are normal.
Required a. Prepare the closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) view transaction list view general journal Journal Entry Worksheet 12 Record the entry to close the income summary account. General Journal Debit credit Transaction 18,900 Service Revenue Retained Earnings 1,700 Depreciation Expense 2,000 Rent Expense Income Tax Expense 1,900 8,100 Salaries and Wages Expense *Enter debits before credits done clear entry record entry Required a. Prepare the closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) view transaction list view general journal Journal Entry Worksheet 12 Record the entry to close the income summary account. General Journal Debit credit Transaction 18,900 Service Revenue Retained Earnings 1,700 Depreciation Expense 2,000 Rent Expense Income Tax Expense 1,900 8,100 Salaries and Wages Expense *Enter debits before credits done clear entry record entry
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