E3-27A i Data Table The following is the adjusted trial balance of Home Care, In

Question

E3-27A

i Data Table The following is the adjusted trial balance of Home Care, Inc., for August 31, 2016. EEB (Click the icon to view the trial balance.) Account Debit Credit Begin by closing out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal $ 12,200 10,000 230 4,800 Cash Accounts receivable Supplies Furniture Accumulated depreciation, furniture Equipment Accumulated depreciation, equipment Accounts payable Salaries payable Unearned service revenue Common stock Retained earnings Journal Entry Date Accounts Debit Credit Aug S 3,260 38,000 5,000 7,000 2,000 3,100 11,000 35,670 15,000 Service revenue 73,000 Salaries expense 50,500

Explanation / Answer

31-Aug Service revenue 73000      Income Summary 73000 To close revenue accounts

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