FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $10,000; D. Mai,
Withdrawals $1,300; Services Revenue $23,000; Wages Expense $13,400; and Rent Expense $3,600.
Prepare its December 31 closing entries.
View transaction list
¡
No
1
2
3
4
Date
View journal entry worksheet
December 31
December 31
December 31
December 31
Services revenue
Income summary
Income summary
Wages expense
Rent expense
Income summary
D. Mai, Capital
D. Mai, Capital
D. Mai, Withdrawals
General Journal
Debit
23,000
17,000
6,000
1,300
Credit
23,000
134,000
3,600
*********
Ⓒ
1,300
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