Solution-Prepare the closing entries at december 31

Prepare the closing entries at december 31

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Reference no: EM131137360

1. The ledger of Swann Company contains the following balances: D. Swann, Capital $30,000; D. Swann, Drawing $2,000; Service Revenue $50,000; Salaries Expense $27,000; and Supplies Expense $4,000. Prepare the closing entries at December 31.

Reference no: EM131137360

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Prepare the closing entries at december 31 : The ledger of Swann Company contains the following balances: D. Swann, Capital $30,000; D. Swann, Drawing $2,000; Service Revenue $50,000; Salaries Expense $27,000; and Supplies Expense $4,000.

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Prepare the closing entries at december 31

Reference no: EM131137360

Reference no: EM131137360

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