Reference no: EM132599031
Question - Selected accounts for Heather's Salon are presented below. All June 30 postings are from closing entries.
Salaries and Wages Expense
6/10 3,200 6/30 8,800 6/28 5,600
Supplies Expense
6/12 600 6/30 1,300 6/24 700
Service Revenue
6/30 18,100 6/15 9,700 6/24 8,400
Rent Expense
6/1 3,000 6/30 3,000
Retained Earnings
6/30 2,500 6/1 12,000 6/30 5,000
Bal. 14,500 Dividends
6/13 1,000 6/30 2,500 6/25 1,500
Instructions -
(a) Prepare the closing entries that were made.
(b) Post the closing entries to Income Summary.
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