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It is December 31 and time for you to close the books for Brett Tilman Enterprises

Price: $1.99


S4-4 Journalizing closing entries [10-15 min]
It is December 31 and time for you to close the books for Brett Tilman Enterprises.

Requirement
1. Journalize the closing entries for Brett Tilman Enterprises:

a. Service revenue, $20,600.
b. Make a single closing entry for all the expenses: Salary, $7,200; Rent, $4,500; Advertising, $3,400.
c. Income summary.
d. Drawing, $3,800.

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