Answered You can hire a professional tutor to get the answer.

QUESTION

Exercise 4-7 Victoria Lee Company had the following adjusted trial balance.

Exercise 4-7

Victoria Lee Company had the following adjusted trial balance.

VICTORIA LEE COMPANY

Adjusted Trial Balance

For the Month Ended June 30, 2017

Adjusted Trial Balance

Account Titles

Debit

Credit

Cash$3,630Accounts Receivable3,960Supplies500Accounts Payable$1,900Unearned Service Revenue130Owner's Capital4,130Owner's Drawings480Service Revenue5,540Salaries and Wages Expense1,200Miscellaneous Expense340Supplies Expense1,990Salaries and Wages Payable 400$12,100$12,100

Prepare closing entries at June 30, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Account Titles and Explanation

Debit

Credit

1.

(To close revenue account)

2.

(To close expense accounts)

3.

(To close net income / (loss))

4.

(To close drawings)

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question