Given the following accounts, journalize the closing entries for September 30, 201X, and calculate the new ending balance for B. Burnett, Capital. (Click the icon to view the accounts.) Journalize the closing entries. (Record debits first, then credits. Exclude explanations from closing entries.) Begin by closing out the revenue account. Date 201X Sept. Journal Entry Account Titles PR Dr. Cr. Data table Account Cash B. Burnett, Capital B. Burnett, Withdrawals Income Summary Consulting Fees Supplies Expense Salaries Expense Rent Expense Print Acct No. 110 310 311 312 410 510 520 530 Ending Balance 2,400 Dr. 600 Cr. 240 Dr. Done 1,100 Cr. 20 Dr. 350 Dr. 275 Dr.
Given the following accounts, journalize the closing entries for September 30, 201X, and calculate the new ending balance for B. Burnett, Capital. (Click the icon to view the accounts.) Journalize the closing entries. (Record debits first, then credits. Exclude explanations from closing entries.) Begin by closing out the revenue account. Date 201X Sept. Journal Entry Account Titles PR Dr. Cr. Data table Account Cash B. Burnett, Capital B. Burnett, Withdrawals Income Summary Consulting Fees Supplies Expense Salaries Expense Rent Expense Print Acct No. 110 310 311 312 410 510 520 530 Ending Balance 2,400 Dr. 600 Cr. 240 Dr. Done 1,100 Cr. 20 Dr. 350 Dr. 275 Dr.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Given the following accounts, journalize the closing entries for September 30, 201X, and calculate the new ending balance for B. Burnett, Capital.
(Click the icon to view the accounts.)
Journalize the closing entries. (Record debits first, then credits. Exclude explanations from closing entries.)
Begin by closing out the revenue account.
Date
201X
Sept.
Journal Entry
Account Titles
PR
Dr.
Cr.
C
Data table
Account
Cash
B. Burnett, Capital
B. Burnett, Withdrawals
Income Summary
Consulting Fees
Supplies Expense
Salaries Expense
Rent Expense
Print
Acct No.
110
310
311
312
410
510
520
530
Ending Balance
2,400 Dr.
600 Cr.
240 Dr.
Done
-
1,100 Cr.
20 Dr.
350 Dr.
275 Dr.
X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbdab762e-9acf-4656-bf07-3c106311d8f5%2F164078de-f2e8-4376-a335-831c467361a4%2F6fz20bd_processed.png&w=3840&q=75)
Transcribed Image Text:Given the following accounts, journalize the closing entries for September 30, 201X, and calculate the new ending balance for B. Burnett, Capital.
(Click the icon to view the accounts.)
Journalize the closing entries. (Record debits first, then credits. Exclude explanations from closing entries.)
Begin by closing out the revenue account.
Date
201X
Sept.
Journal Entry
Account Titles
PR
Dr.
Cr.
C
Data table
Account
Cash
B. Burnett, Capital
B. Burnett, Withdrawals
Income Summary
Consulting Fees
Supplies Expense
Salaries Expense
Rent Expense
Print
Acct No.
110
310
311
312
410
510
520
530
Ending Balance
2,400 Dr.
600 Cr.
240 Dr.
Done
-
1,100 Cr.
20 Dr.
350 Dr.
275 Dr.
X
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