PARTIAL TRIAL BALANCE ACCOUNT DEBIT CREDIT R. RAY, CAPITAL 13,000 R. RAY, DRAWIN

Question

PARTIAL TRIAL BALANCE ACCOUNT DEBIT CREDIT R. RAY, CAPITAL 13,000 R. RAY, DRAWING 750 INCOME SUMMARY SERVICE FEES 9,600 RENT EXPENSE 500 WAGES EXPENSE 750 DEPRECIATION EXP. 2000 COMPLETE THE CLOSING JOURNAL ENTRIES BELOW USING THE PARTIAL TRIAL BALANCE ABOVE (NO CHECK FIGURES) General Journal Page 1 Date Account Title P.R. Debit Credit PARTIAL TRIAL BALANCE ACCOUNT DEBIT CREDIT R. RAY, CAPITAL 13,000 R. RAY, DRAWING 750 INCOME SUMMARY SERVICE FEES 9,600 RENT EXPENSE 500 WAGES EXPENSE 750 DEPRECIATION EXP. 2000 COMPLETE THE CLOSING JOURNAL ENTRIES BELOW USING THE PARTIAL TRIAL BALANCE ABOVE (NO CHECK FIGURES) General Journal Page 1 Date Account Title P.R. Debit Credit

Explanation / Answer

Journal Entries Particulars Dr Amt Cr Amt Service Fees Dr            9,600.00 To Income Summary              9,600.00 Income Summary Dr            3,250.00 ToRent Expense                 500.00 To Wages Expense                 750.00 To Depreciation Expense              2,000.00 R Ray Capital Dr                750.00 To R Ray drawings                 750.00

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