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Closing Entires Exercise 1 Journalizing

Revenue Income Summary Income Summary Salary Expense Rent Expense Utilities Expense Depreciation Expense Income Summary ISDO Capital ISDO, Capital ISDO, Withdrawals Post Closing Trial Balance debit Cash Accounts Receivable Office Suppies Prepaid Insurance Accounts Payable Notes Payable Taxes Payable ISDO Capital

17,500 17,500 14,900 3,400 3,500 5,500 2,500 2,600 2,600 2,500 2,500

credit 2,500 3,500 1,800 2,300 2,500 1,500 1,500 4,600 10,100

10,100

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