Q:
Journalize closing entries
Asked by blaqdiamondz46 On Feb 17, 2012
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Cash $32,000.00 Mesia Davis, Drawing $25,000.00
Accounts Receivable 2,400 Fees Income 48,750.00
Supplies 1,600 Depreciation Expense 2,250
Equipment 25,000 Salaries Expense 16,000
Accumulated Depreciation 2,000 Supplies Expense 2,500
Accounts Payable 2,500 Telephone Expense 2,100
Mesia Davis, Capital 47,250 Utilities Expense 4,150


All the accounts have normal balances. Journalize the closing entries. Use 4 as the general journal page number.