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Prepare the year-end closing entries for Pine Painting

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Question - Prepare the year-end closing entries for Pine Painting Contractors, using the data given at December 31, 2005 Edward pine Capital Dec 31 $27,200

Edward Pine, Drawing 18,000 Depreciation expense:

Painting equipment 1200

Painting fees earned 163,300 Insurance expense 12,000

Paint & Supplies expense 27,500 Painting equipment 7,200

Accumulated depreciation:

Painting equipment 3,000

Salaries expense 66,800

Rent expense 9,600

Advertising expense 3,200

Reference no: EM132679755

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