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The adjusted trial balance from June 30, 2020, of Pel's Music Lessons follows: (Click the icon to view the adjusted trial balance.) Required 1. Journalize the closing entries of Pel's Music Lessons at June 30, 2020. Include explanations. 2. How much net income or net loss did Per's Music Lessons earn for the period ended June 30, 2020? How can yo Requirement 1. Journalize the closing entries of Per's Music Lessons at June 30, 2020. Include explanations. First, we will close the revenue account. (Record debits first, then credits. Select the explanation on the last lin Journal Entry Accounts June Date Next, we will close the expense accounts Journal Entry Debit COC Credit Adjusted Trial Balance Account Title Cash Supplies Prepaid rent Pal's Music Lalison Adjusted Tra Balance Jun 30, 2000 Instruments Accumulated amortization instruments Accounts payable Salares payable Uneamed service revenue P. Sauer, capital P. Sauer, withdrawals Service revenue Print Debit Done 27,000 8.900 4.400 576.000 31,000 Cra 21.000 43.000 4.000 2.000 114.000 500 The adjusted trial balance from June 30, 2020, of Pel's Music Lessons follows: (Click the icon to view the adjusted trial balance.) Required 1. Journalize the closing entries of Pel's Music Lessons at June 30, 2020. Include explanations. 2. How much net income or net loss did Per's Music Lessons earn for the period ended June 30, 2020? How can yo Requirement 1. Journalize the closing entries of Per's Music Lessons at June 30, 2020. Include explanations. First, we will close the revenue account. (Record debits first, then credits. Select the explanation on the last lin Journal Entry Accounts June Date Next, we will close the expense accounts Journal Entry Debit COC Credit Adjusted Trial Balance Account Title Cash Supplies Prepaid rent Pal's Music Lalison Adjusted Tra Balance Jun 30, 2000 Instruments Accumulated amortization instruments Accounts payable Salares payable Uneamed service revenue P. Sauer, capital P. Sauer, withdrawals Service revenue Print Debit Done 27,000 8.900 4.400 576.000 31,000 Cra 21.000 43.000 4.000 2.000 114.000 500

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