Supplies Prepaid Insurance Salaries and Wages Payable

Last updated: 4/11/2023

Supplies Prepaid Insurance Salaries and Wages Payable January 31 2025 Unearned Service Revenue Supplies Expense Insurance Expense Salaries and Wages Expense Service Revenue Jan 31 Debit Jan 31 800 1 560 800 520 1 610 Credit Prepare the closing entries at January 31 2025 List all debit entries before credit entries If no entry is required select No account titles and enter O for the amounts Credit account titles are automatically indented when the amount is entered Do no manually Date Account Titles and Explanation To close revenue account 1 050 To close expense accounts 890 4 170 Debit Credit