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The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $800; Service Revenue $13,000; Wages Expense $8,400; and Rent Expense $1600.

Prepare the neccessary closing entries from the available information December 31.

Respuesta :

hyderali230

Answer:

Closing Journal Entries

                                  Dr.            Cr.

Capital                     $800

Withdrawals                             $800

Service Revenue    $13,000

Income Summary                    $13,000

Income Summary   $10,000

Wages Expense                      $8,400

Rent Expense                          $1,600

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