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Closing Entries

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Erisa Melora
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0% found this document useful (0 votes)
18 views1 page

Closing Entries

Uploaded by

Erisa Melora
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Closing Entries

30-Dec Service Fees 6,000,000


Income Summary 6,000,000

30-Dec Income Summary 1,950,000


Salaries Expense 1,200,000
Utilities Expense 500,000
Depreciation Expense 100,000
Interest Expense 30,000
Insurance Expense 40,000
Supplies Expense 80,000

30-Dec Income Summary 4,050,000


Owner's Equity 4,050,000

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