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The income statement of Marc's Gamestation Repair is as follows:
MARC'S GAMESTATION REPAIR
Income Statement
Month Ended April 30, 2021
Revenue
Gamestation repair revenue$17,000
Expenses
Salaries expense$3,400
Depreciation expense 350
Utilities expense 1,400
Rent expense 600
Supplies expense 1,050
?Total expenses 6,800
Profit$10,200
On April 1, the balance in Marc Luck, Capital was $11,200. During April, Marc withdrew $8,200 cash for personal use.
Instructions
Question a) Prepare closing entries at April 30.
Question b) Prepare statement of owner's equity for the month of April
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