Prepare closing entries based on the selected accounts for Lee's Salon at December 31, 2021,...
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Accounting
Prepare closing entries based on the selected accounts for Lee's Salon at December 31, 2021, presented below. A. Lee, Capital A. Lee, Drawings Service Revenue Dr. Cr. Dr. Cr. Dr. Cr. 30,000 2,000 50,000 Salaries Expense Rent Expense Supplies Expense Dr. Cr. Dr. Cr. Dr. Cr. 21,000 6,000 7,000 Copy and paste the table into the answer box below to prepare closing entries. Date Account Dec. 31 31 31 To close revenue account. To close expense accounts. To close Income Summary. Debit Credit
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