Make closing entries for Wu Delivery Services

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Problem - The adjusted trial balance of Wu Delivery Services, prepared in alphabetical order follows.

WU DELIVERY SERVICES Adjusted Trial Balance December 31, 2017

Debit Credit

Accounts Payable $3,420

Accounts Receivable $2,400

Accumulated Depreciation - Equipment 12,240

Cash 14,200

D. Wu, Capital 7,800

D. Wu, Drawings 1,300

Equipment 25,500

Depreciation Expense 1,200

Insurance Expense 1,140

Interest Expense 210

Interest Payable 150

Prepaid Insurance 1,600

Salaries Expense 12,200

Salaries Payable 1,200

Service Revenue 39,330

Supplies 710

Supplies Expense 1,800

Repairs Expense 880

Utilities Expense 1,000

Total $64,140 $64,140

Required - Make closing entries for Wu Delivery Services.

Reference no: EM132612261

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