Prepare journal for smiths closing entries


Below are the adjusted accoutns of Jims Electrical Service for the month ended May 31, 2013

Accts. Payable: $600

Accts. Rec.: 2,400

Accumulated Depreciations(Office Equipment):3,000

Cash:1,200

Service Revenue:5,400

Depreciation Expense- Office Equipment:150

Dividends: 750

Office Equipment: 7,500

Prepaid Rent:1,100

Salaries Expense:1,800

Common Stock:4,500

Retained Earnings:1,500

Utilities Expense:100

Prepare journal for Smith's closing entries. Omit Explanations

General Journal

Date Description Post. Ref. Debit Credit

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Accounting Basics: Prepare journal for smiths closing entries
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