Closing Entries Make the closing entry (or entries) necessary to close the following accounts:… 1 answer below »

Closing Entries

Make the closing entry (or entries) necessary to close the following accounts:

Salary Expense

$18,000

Unearned Service Revenue

4,700

Paid-In Capital

2,000

Cash

800

Service Revenue

20,000

Rent Expense

6,400

Retained Earnings (beginning)

1,500

Prepaid Rent Expense

3,000