Requirement 1. Journalize Kellerman Photography's closing entries at December 31, 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Date Dec. 31 Clos. (1) Accounts and Explanation To close expenses. To close Income Summary. To close revenues. To close withdrawals. Debit Credit Data table Kellerman, Withdrawals 15,000 Salaries Expense 33,900 500 Depreciation Expense-Building 6,600 Kellerman, Capital 45,000 Service Revenue 38.000 1,000 Supplies Expense 2,900 Depreciation Expense-Furniture 1,400 X

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Requirement 1. Journalize Kellerman Photography's closing entries at December 31, 202
Start by closing revenues.
Date
Dec. 31
Clos. (1)
Accounts and Explanation
Depreciation Expense-Building
Depreciation Expense-Furniture
Income Summary
Kellerman, Capital
Kellerman, Withdrawals
Salaries Expense
Service Revenue
Supplies Expense
Del
Transcribed Image Text:Requirement 1. Journalize Kellerman Photography's closing entries at December 31, 202 Start by closing revenues. Date Dec. 31 Clos. (1) Accounts and Explanation Depreciation Expense-Building Depreciation Expense-Furniture Income Summary Kellerman, Capital Kellerman, Withdrawals Salaries Expense Service Revenue Supplies Expense Del
Requirement 1. Journalize Kellerman Photography's closing entries at December 31, 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Start by closing revenues.
Date
Dec. 31
Clos. (1)
Accounts and Explanation
To close expenses.
To close Income Summary.
To close revenues.
To close withdrawals.
Debit
Credit
Data table
Kellerman, Withdrawals
15,000
Salaries Expense
33,900
500
Depreciation Expense-Building
6,600
Print
Kellerman, Capital
Done
45,000
Service Revenue
38,000
1,000
Supplies Expense
2,900
Depreciation Expense-Furniture
1,400
Transcribed Image Text:Requirement 1. Journalize Kellerman Photography's closing entries at December 31, 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Date Dec. 31 Clos. (1) Accounts and Explanation To close expenses. To close Income Summary. To close revenues. To close withdrawals. Debit Credit Data table Kellerman, Withdrawals 15,000 Salaries Expense 33,900 500 Depreciation Expense-Building 6,600 Print Kellerman, Capital Done 45,000 Service Revenue 38,000 1,000 Supplies Expense 2,900 Depreciation Expense-Furniture 1,400
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