I am having trouble with the second part of the question. I need the answers...
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I am having trouble with the second part of the question. I need the answers the same way as it is shown in the box to avoid confusion.
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The adjusted trial balance columns of the worksheet for Savaglia Company are as follows. SAVAGLIA COMPANY Worksheet (partial) For the Month Ended April 30, 2017 Adjusted Trial Balance Account Titles Dr. Cr. Cash Accounts Receivable Prepaid Rent Equipment 10,700 7,600 2,100 23,100 Equip. 4,500 5,900 4,800 28,810 Notes Payable Accounts Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable 3,500 15,500 11,000 900 610 80 80 Totals 59,590 5O 50 59,590 Your answer is correct Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Apr. 30 Service Revenue 00 ncome Summa S50 (To close revenue account) 2. Apr. 30 TIn ncome Summa 259 alaries and Wages Expens e 1,00 000 reciation Expens nterest Expense ?? (To close xpense accounts) ncome Summa wner's Capital (To close net income / (loss)) ? 4. Apr er's Capita s Drawin (To close drawings) Your answer is partially correct. Try again. Post the closing entries. (Post entries in the order of journal entries posted in the previous part of the question.) Income Summary 12 550 91 otal 55001Tota 550 Owner's Capital 3500 2910 otal 3500 Your answer is partially correct. Try again
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