The ledger of Duston company contain the following balances : Owner capital 30,4

Question

The ledger of Duston company contain the following balances : Owner capital 30,400, Owner drawing 1,900, service renenue 48,000, Salaries and wages expense 25,400 and supplies expense 6,700 Prepare the closing entries at Decembet 31( credit account titles are automatically indented when amount is entered . Do not indent manually .)
The ledger of Duston company contain the following balances : Owner capital 30,400, Owner drawing 1,900, service renenue 48,000, Salaries and wages expense 25,400 and supplies expense 6,700 Prepare the closing entries at Decembet 31( credit account titles are automatically indented when amount is entered . Do not indent manually .)
Prepare the closing entries at Decembet 31( credit account titles are automatically indented when amount is entered . Do not indent manually .)

Explanation / Answer

Income summary A/c 34000 To salaries and wages expense 25400 To supplies expense 6700 To drawings 1900 Service revenue 48000 To Income summary 48000

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