Current Attempt in Progress Oriole Company had the following adjusted trial balance. Oriole Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash$3,840 Accounts Receivable3,830 Supplies500 Accounts Payable$1,700 Unearned Service Revenue170 Owner’s Capital5,070 Owner’s Drawings480 Service Revenue5,080 Salaries and Wages Expense1,400 Miscellaneous Expense400 Supplies Expense2,140 Salaries and Wages Payable 570 $12,590$12,590
Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit
1. enter an account title to close revenue account enter a debit amount enter a credit amount enter an account title to close revenue account enter a debit amount enter a credit amount (To close revenue account)
2. enter an account title to close expense accounts enter a debit amount enter a credit amount enter an account title to close expense accounts enter a debit amount enter a credit amount enter an account title to close expense accounts enter a debit amount enter a credit amount enter an account title to close expense accounts enter a debit amount enter a credit amount (To close expense accounts)
3. enter an account title to close net income / (loss) enter a debit amount enter a credit amount enter an account title to close net income / (loss) enter a debit amount enter a credit amount (To close net income / (loss))
4. enter an account title to close drawings enter a debit amount enter a credit amount enter an account title to close drawings enter a debit amount enter a credit amount (To close drawings) eTextbook and Media List of Accounts Attempts: 0 of 3 used
