Maureen's Tennis reported the following selected accounts in its June 30, 2014, annual financial statements. Prepare the company's closing entries.
|
Maureen Thor, Capital
|
$126,000
|
Interest Expense
|
$9,000
|
|
Service Revenue
|
364,000
|
Accounts Receivable
|
62,000
|
|
Unearned Revenues
|
6,800
|
Salaries Payable
|
3,600
|
|
Salary Expense
|
170,000
|
Amortization Expense
|
44,000
|
|
Accumulated Amortization
|
140,000
|
Rent Expense
|
25,000
|
|
Supplies Expense
|
23,000
|
Maureen Thor, Withdrawals
|
94,000
|
|
Interest Revenue
|
7,400
|
Supplies
|
6,600
|