Prepare the necessary closing entries based on the following selected accounts. $\begin{array}{lrr}
\text { Accumulated Depreciation} &\$10,000\
\text {Depreciation Expense } &6,000\
\text { Owner's Capital } &20,000\
\text {Owner's Drawings } &9,000\
\text { Salaries and Wages Expense } &19,000\
\text { Service Revenue} &40,000\
\end{array}$

Question

Prepare the necessary closing entries based on the following selected accounts. $\begin{array}{lrr}
  \text {  Accumulated Depreciation} &\$10,000\
 \text {Depreciation Expense } &6,000\
 \text { Owner's Capital  } &20,000\
 \text {Owner's Drawings  } &9,000\
 \text { Salaries and Wages Expense } &19,000\
 \text {  Service Revenue} &40,000\
\end{array}$

Quizplus · Accepted Answer

The Answer of Prepare the necessary closing entries based on the following selected accounts. $\begin{array}{lrr}
  \text {  Accumulated Depreciation} &\$10,000\
 \text {Depreciation Expense } &6,000\
 \text { Owner's Capital  } &20,000\
 \text {Owner's Drawings  } &9,000\
 \text { Salaries and Wages Expense } &19,000\
 \text {  Service Revenue} &40,000\
\end{array}$

Prepare the Necessary Closing Entries Based on the Following Selected