Question

On December 31, the ledger accounts of Parker Printing have the following balances after all adjusting...

On December 31, the ledger accounts of Parker Printing have the following balances after all adjusting entries have been posted.

Cash

$ 850

Equipment

2,650

Accumulated Depreciation, Equipment

600

Accounts Payable

200

P. Parker, Capital

3,350

P. Parker, Drawing

8,150

Income Summary

​

Income from Services

12,450

Wages Expense

800

Rent Expense

1,800

Utilities Expense

              550

Depreciation Expense, Equipment

300

Advertising Expense

1,300

Miscellaneous Expense

200

Journalize the four closing entries in the proper order.

GENERAL JOURNAL   

Date Description Debit Credit
Business   Accounting   
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