ID: A Below are the adjusted accounts of Whang Realtors (service business) for t
ID: 2576780 • Letter: I
Question
ID: A Below are the adjusted accounts of Whang Realtors (service business) for the month ended May 31, 20xx, listed in alphabetical order: 4. $7,500 1,100 1,800 4,000 750 100 2,000 Accounts Payable Accounts Receivable Accumulated Depreciation- S 600 Office Equipment 2,400 Prepaid Rent Salaries Expense Office Equipment Cash Commissions Revenue Depreciation Expense- Office Equipment 3,000 Common Stock 1,200 Dividends 5,400 Utilities Expense Retained Earnings 150 In the journal provided, prepare Whang's closing entries for the appropriate accounts. Omit explanations General Journal DescriptionPost. Debit Credit Ref.Explanation / Answer
May-31 Commissions revenue 5400 Income Summary 5400 May-31 Income Summary 2050 Depreciation expense-Office equipment 150 Salaries expense 1800 Utilities expense 100 May-31 Income Summary 3350 Retained earnings 3350 May-31 Retained earnings 750 Dividends 750