Question

The partial worksheet for the Jamison Company showed the following data on October 31, 2019. INCOME...

The partial worksheet for the Jamison Company showed the following data on October 31, 2019.

INCOME
STATEMENT		 BALANCE
SHEET
ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT
Jason Jamison, Capital 37,000
Jason Jamison, Drawing 5,000
Fees Income 27,000
Salaries Expense 13,200
Rent Expense 1,700
Supplies Expense 1,100
Utilities Expense 1,200
Depr. Exp. −Equip. 1,550
Totals 18,750 27,000 48,650 40,400
Net Income 8,250 8,250
27,000 27,000 48,650 48,650


Prepare the closing entries for Jamison Company on October 31, 2019.

Note: Enter debits before credits.
Date General Journal Debit Credit
Oct 31, 2019

Note: Enter debits before credits.
Date General Journal Debit Credit
Oct 31, 2019

Note: Enter debits before credits.
Date General Journal Debit Credit
Oct 31, 2019

Note: Enter debits before credits.
Date General Journal Debit Credit
Oct 31, 2019
Business   Accounting   
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