Sunday, May 24, 2015

The ledger of Avril Company includes the following accounts with normal balances

The ledger of Avril Company includes the following accounts with normal balances: L. Avril, Capital $6,000; L. Avril, Withdrawals $400; Services Revenue $10,000; Wages Expense $5,200; and Rent Expense $800.

 Required:
Prepare the necessary closing entries from the available information at December 31.

Click here: The ledger of Avril Company includes the following accounts with normal balances