4Homework Assignment 8 6 ework Assignment 8 Starbooks Corporation provides an on

Question

4Homework Assignment 8 6 ework Assignment 8 Starbooks Corporation provides an online bookstore for electronic books. The amounts reported in its accounting records. The accounts have normal debit on September 30, 2018. ured information Accounts Payable 599 Accounts Receivable Accunulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) 299 899 299 199 199 299 3,199 299 Record the closing entry required at September 30, 2018. debits before Sep 30, 2018 199 499 Prepaid Rent 399 1,499 2,199 6,197 499 199 2,599 Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Supplies Supplies Expense Travel Expense Record entry iew general jeurmal PAA-1 Part 2 2. Prepare the closing entry required at September 30, 201R (If no entry is required fo Required" in the first account field.) PIC COLLAGE

Explanation / Answer

Date Accounts title Dr Cr 30 Sept 2018 Service revenue 6197 Interest revenue 99 To income summary 6296 30 Sept 2018 Income summary 5994 To Depreciation expense 299 To income tax expense 299 To rent expense 399 To salaries and wages expense 2199 To Supplies expense 199 To Travel expense 2599 30 Sept 2018 Income summary 302 To Retained earning 302

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