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On December 31, the ledger of Davis Company contained the following account balances: Accounts Payable $...

On December 31, the ledger of Davis Company contained the following account balances:

Accounts Payable $ 11,400 Fees Income $ 171,000
Accounts Receivable 4,900 Supplies 3,300
Accumulated Depreciation 6,200 Prepaid Rent 56,500
Cash 73,000 Rent Expense 8,100
Depreciation Expense 6,200 Supplies Expense 7,300
Equipment 61,000 Teresa Davis, Capital 94,700
Teresa Davis, Drawing 48,500 Utilities Expense 14,500


All the accounts have normal balances. Prepare the closing entries for Davis Company On December 31.

Note: Enter debits before credits.
Date General Journal Debit Credit
Dec 31

Note: Enter debits before credits.
Date General Journal Debit Credit
Dec 31

Note: Enter debits before credits.
Date General Journal Debit Credit
Dec 31

Note: Enter debits before credits.
Date General Journal Debit Credit
Dec 31
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