ButovaS_Exam_1-5 - Your Name Please Below Click on the form...

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Your Name Please!!!! Below! Click on the form Below to enter your info. Revenues Servise Revenues $2,250 Expenses Salaries Expense 1,000 Supplies Expense 750 Rent Expense 450 Utility Expense 250
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Iterest Expense 250 Total Expense $2,700 Net Lost $450 Net Income Before Ajustment 19,650 Net Income $19,200 Name Svetlana Butova Date 6/27/2008
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57 Name Svetlana Butova Section Date 6/27/2008 (A) General Journal J1 Date Account Titles and Explanation Ref. Debit Credit 1 Dec 31 Service Revenue 33,000 1 2 Income Summary 33,000 2 3 (to close revenue account) 3 4 Dec 31 Income Summary 11,900 4 5 Depreciation Expenses 5,000 5 6 Salaries Expenses 3,500 6 7 Advertising Expenses 1,800 7 8 Insurance Expenses 1,400 8 9 Rent Expense 200 9 10 (to close expense account) 10 11 Dec 31 Income Summary 21,100 11 12 Alex, Capital 21,100 12 13 (to close net income to capital) 13 14 Dec 31 Alex, Capital 2,800 14 15 Alex, Drawing 2,800 15 16 (to close drawings to capital) 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 (B) Alex, Capital 32 33 12/31/2008……. debit credit 33 34 Closing Entry J1 21,100 34 35 Closing Entry…………..………………….……..
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