Question 1 of 6 Your answer is partially correct. < The ledger of Carla Vista Company contains the following balances: Owner's Capital $29,900, Owner's Drawings $1,100, Service Revenue $49,000, Salaries and Wages Expense $25,700, and Supplies Expense $7,300. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Dec. 31 > Date Account Titles and Explanation Dec. 31 Dec. 31 Service Revenue Income Summary (To close revenue account) Income Summary Salaries and Wages Expense Supplies Expense (To close expense accounts) Income Summary Debit 49,000 34800 14,200 Credit 49,000 10 000 28.000 6.800 14.200
Question 1 of 6 Your answer is partially correct. < The ledger of Carla Vista Company contains the following balances: Owner's Capital $29,900, Owner's Drawings $1,100, Service Revenue $49,000, Salaries and Wages Expense $25,700, and Supplies Expense $7,300. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Dec. 31 > Date Account Titles and Explanation Dec. 31 Dec. 31 Service Revenue Income Summary (To close revenue account) Income Summary Salaries and Wages Expense Supplies Expense (To close expense accounts) Income Summary Debit 49,000 34800 14,200 Credit 49,000 10 000 28.000 6.800 14.200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question 1 of 6
Your answer is partially correct.
The ledger of Carla Vista Company contains the following balances: Owner's Capital $29,900, Owner's Drawings $1,100, Service
Revenue $49,000, Salaries and Wages Expense $25,700, and Supplies Expense $7,300.
>
Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent
manually.)
Date Account Titles and Explanation
Service Revenue
Dec. 31
Dec. 31
Dec. 31
Income Summary
(To close revenue account)
Income Summary
Salaries and Wages Expense
Supplies Expense
(To close expense accounts)
Income Summary
Debit
49,000
34800
14,200
Credit
49,000
10 000
28.000
6.800
1.4.200
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