Chapter 4 Closing Entries - 900 900 Insurance Interest...

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Closing Entries Chapter 4 Page 184 Closing Entries Book Entry Common Practice Date DR. CR. DR. CR. 10/31/04 Service Revenue $10,600 $10,600     Income Summary 10,600 To close Revenue Account 10/31/04 Income Summary 7,740    Salaries Expense 5,200 5,200    Advertising Supplies 1,500 1,500    Rent Expense
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Unformatted text preview: 900 900 Insurance Expense 50 50 Interest Expense 50 50 Depreciation Exp. 40 40 To close Expense Accounts 10/31/04 Income Summary $2,860 Retained Earnings $2,860 $2,860 To close Net Income to Retained Earnings...
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Chapter 4 Closing Entries - 900 900 Insurance Interest...

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