PHAROAH ESTHETICS Statement of Owner's Equity Month Ended August 31, 2024 B. Pharoah, Capital, August...
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PHAROAH ESTHETICS Statement of Owner's Equity Month Ended August 31, 2024 B. Pharoah, Capital, August 1, 2024 Add : Investments Profit / (Loss) for the month Less : Drawings B. Pharoah, Capital, August 31, 2024 $ 10,700 3700 Prepare entries to close the Income Summary and Drawings accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Post these entries. (Post entries in the order of journal entries presented in the previous part. For balances ending in 0 select "Bal." for the date and 0 for the amount for the normal balance of the account and for the Income Summary account, enter the ending balance on the credit side.)
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