Date Account Titles and Explanation Debit Credit July 31 Service Revenue 64000 Rent Revenue 6900 Income Summary 70900 (To close revenue accounts) July 31 Income Summary 79300 Depreciation Expense 8900 Salaries and Wages Expense 55800 Utilities Expense 14600 (To close expense accounts) July 31 Owner's Capital 8400 Income Summary 8400 (To close net income / (loss)) July 31 Owner's Capital 15900 Owner's Drawings 15900 (To close drawings)

Date Account Titles and Explanation Debit Credit July 31 Service Revenue 64000 Rent Revenue 6900 Income Summary 70900 (To close revenue accounts) July 31 Income Summary 79300 Depreciation Expense 8900 Salaries and Wages Expense 55800 Utilities Expense 14600 (To close expense accounts) July 31 Owner's Capital 8400 Income Summary 8400 (To close net income / (loss)) July 31 Owner's Capital 15900 Owner's Drawings 15900 (To close drawings)

Name: How do i make a owners and income accounts basie off the Account Title
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Description: How do i make a owners and income accounts basie off the Account Title and Explanation Chart? DateAccount Titles and ExplanationDebitCreditJuly 31Service Revenue64000Rent Revenue6900Income Summary70900(To close revenue accounts)July 31Income Summary7

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 4CE

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