Make the closing journal entries for Wide Screen

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Question - At March 31, account balances after adjustments for Wide Screen are as follows:

Accounts - Account Balances

(After Adjustment)

Cash $11,000

Supplies 4,000

Equipment 50,000

Accumulated Depreciation-Equipment 12,000

Accounts Payable 5,000

Owner's, Capital 20,000

Owner's, Drawings 8,000

Ticket Revenue 59,000

Service Revenue. 55,000

Advertising Expense. 18,800

Supplies Expense. 17,000

Depreciation Expense. 4,000

Rent Expense 26,000

Salaries and Wages Expense 24,000

Utilities Expense 5,200

Required - Make the closing journal entries for Wide Screen.

Reference no: EM132640282

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