CLOSING ENTRIES AND THE WORK SHEET
Answers to Review Questions 1.
working paper for the accountant. Financial statements are formal reports, re- quired by law and by GAAP, for external as well as internal distribution.
No, the work sheet cannot be used as a substitute for the financial statements.
It is a tool used in preparing financial statements. Work sheets and financial statements serve different purposes. The work sheet is simply an internal
2. The Adjusted Trial Balance columns should be totaled before the adjusted amounts are carried to the Income Statement and Balance Sheet columns to prove the balance. The Income Statement and Balance Sheet columns cannot be correct unless the Adjusted Trial Balance columns balance. If the adjusted trial balance columns were not totaled before amounts were carried to the In- come Statement and Balance Sheet problems, any error would carry through and the financial statements could be misstated. If the error were discovered at a later time, more numbers would need to be corrected.
3. The amounts should be extended line by line to the proper debit or credit col- umn of the Income Statement or Balance Sheet columns, beginning with the first line. This procedure avoids overlooking an account.
Net income and net loss would equal each other in case the company exactly broke even, with zero profit and zero loss.
are included with the debits in the Balance Sheet columns, whereas they are deducted from the Retained Earnings account balance in the statement of re-
ances. Also, adjusting entries should be made first so that the temporary ac- 5. The totals do not usually agree. Included in the Balance Sheet credit column
are accumulated depreciation accounts, for example, which appear on the bal-
tained earnings before the balance sheet is prepared.
ance sheet as deductions from the associated asset accounts. Also, dividends
after all adjusting entries have been made, closing entries can be determined from the adjusted ledger balances.
4. Not usually. The difference is the amount of net income or loss for the period.
6. The adjusting entries are posted before the closing entries; otherwise, the closing entries would not set temporary, or nominal, accounts to zero bal- counts reflect actual revenues and expenses for the period. Furthermore,
31 25,620
25,620
31 16,830
8,110 1,200 4,260 915 1,345 1,000
31 8,790
8,790
31 5,000
5,000 Wages Expense
Rent Expense
Retained Earnings
To close the debit balance accounts Supplies Expense
Income Summary Repair Revenue
To close the credit balance account
To close the Income Summary account
To close the Dividends account Retained Earnings
Income Summary
Dividends
Insurance Expense Income Taxes Expense Chapter 3S, E 1.
Depreciation Expense—Repair Equipment Income Summary
Dec.
2011
DebitCreditDebitCreditDebitCreditDebitCredit 444 777 2(a)111 4(e)311 888 1(c)12 44 3(b)21 55 77 666 23(b)22525 222 10(d)11111 4343 (a)111 (c)111 (d)11 (e)3*33 (f)111 (f)11 994646192527 66 252527 Trial Balance Debit
IncomeBalanceAdjusted SheetStatementTrial BalanceAdjustments Credit
For the Month Ended October 31, 2011Work Sheet 165 © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied, duplicated, or posted to a publicly accessible website, in whole or in part.
(d) June 30 54,000 Bal. 271,150 (c) June 30 83,150
Bal. 300,300
Bal. 54,000 (d) June 30 54,000
Bal. —
(b) June 30 604,550 (a) June 30 687,700
(c) 30 83,150
Bal. —
(a) June 30 678,100 Bal. 678,100
Bal. —
(a) June 30 9,600 Bal. 9,600
Bal. —
Bal. 351,000 (b) June 30 351,000
Bal. —
Bal. 51,600 (b) June 30 51,600
Bal. —
39,750 (b) June 30 39,750
—
64,800 (b) June 30 64,800
— Chapter 3S, P 1.
Maintenance Expense Wages Expense Revenue from Court Fees
Retained Earnings
Dividends 2.
T accounts opened and balances entered 1.
Closing entries entered in T accounts
Income Summary
Revenue from Locker Fees
Advertising Expense
Utilities Expense Bal.
Bal.
Bal.
Bal.
Supplies Expense
30,000 (b) June 30 30,000
—
12,000 (b) June 30 12,000
—
22,500 (b) June 30 22,500
—
6,900 (b) June 30 6,900
—
20,000 (b) June 30 20,000
—
Miscellaneous Expense Bal.
Bal.
Depreciation Expense—Building
Bal.
Bal.
Bal.
Depreciation Expense—Equipment
Property Taxes Expense
Bal.
Bal.
Bal.
Income Taxes Expense Bal.
Bal.
$678,100 9,600
$687,700
$351,000 64,800 51,600 39,750 30,000 22,500 20,000 12,000 6,900 6,000
604,550
$ 83,150
$271,150 83,150
$354,300 54,000
$300,300 Supplies expense
Retained earnings, June 30, 2011 Retained earnings, June 30, 2010 Net income
Subtotal
Less dividends
Chapter 3S, P 1. (Continued)
For the Year Ended June 30, 2011 Miscellaneous expense
Total expenses
Settles Tennis Club, Inc.
Statement of Retained Earnings Income Statement
For the Year Ended June 30, 2011 Settles Tennis Club, Inc.
3. Income statement, statement of retained earnings, and balance sheet prepared
Revenue from court fees
Maintenance expense Expenses
Net income
Depreciation expense—building
Depreciation expense—equipment Revenue from locker fees
Total revenues Revenues
Advertising expense Utilities expense Wages expense
Property taxes expense Income taxes expense
$ 26,200 9,600 1,200 100,000
$645,200
260,000 385,200
$156,000
50,400 105,600
$627,800
$ 73,000 9,000 22,500 3,000 20,000
$127,500
$200,000 300,300
500,300
$627,800 Total stockholders' equity
Total liabilities and stockholdlers' equity Total liabilities
clearing the temporary accounts (income statement accounts and Dividends) of Income taxes payable
Common stock
Settles Tennis Club, Inc.
Cash
Prepaid advertising
Balance Sheet
Total assets Building
Accounts payable
June 30, 2011
Land Supplies
Assets
Equipment
Less accumulated depreciation
Liabilities
Stockholders' Equity Unearned revenue—locker fees
Wages payable
Property taxes payable
Less accumulated depreciation
4. Reason for closing entries explained Retained earnings
their balances and transferring them to retained earnings and (2) to summarize revenues and expenses.
Closing entries are journal entries made at the end of the accounting period to accomplish two purposes: (1) to set the stage for the next accounting period by
Page 1 Post.
Ref. Debit Credit
1 111 5,000
311 5,000
1 511 425
111 425
1 117 480
111 480
2 144 4,200
111 600
212 3,600
5 119 468
212 468
8 512 60
111 60
15 111 400
411 400
21 212 225
111 225
AWD Company
To record receipt of revenue for the first half of the month
Accounts Payable Cash
To make payment on account to Store Rent Expense
Repair Revenue
To pay one month's rent
Repair Equipment
Cash Date
Common Stock
Advertising Expense 1. Entries for May prepared 6.
May 2011 3.
Cash
Prepaid Insurance
Cash Cash
To purchase one-year policy
Cash
seventh down Chapter 3S, P 2.
Closing entries for May prepared
To issue stock Cash
Adjusting entries for May prepared
Accounts Payable Accounts Payable
To purchase repair equipment, one-
credit from AWD Company Repair Supplies
To purchase repair supplies on General Journal
Description
To purchase newspaper advertisement
Page 2 Post.
Ref. Debit Credit
31 111 975
411 975
31 313 300
111 300
31 513 40
117 40
$480 ÷ 12 = $40
31 514 299
119 299
$468 – $169 = $299
31 515 70
145 70
31 516 50
213 50
May
To record one month's expired
Repair Supplies Expense 2011
income taxes
To record one month's estimated Income Taxes Expense
Income Taxes Payable month
To record supplies used during May
To record depreciation for one Equipment
Accumulated Depreciation—Repair last half of the month
Adjusting entries:
Insurance Expense Prepaid Insurance
Repair Supplies insurance
Depreciation Expense—Repair Equipment To record receipt of revenue for the
Cash
To declare and pay dividend Dividends
General Journal
Date Description
Cash May
Repair Revenue
Page 3 Post.
Ref. Debit Credit
31 411 1,375
314 1,375
31 314 944
511 425
512 60
513 40
514 299
515 70
516 50
31 314 431
312 431
31 312 300
313 300
Repair Revenue Closing entries:
To close the debit balance accounts
To close the Dividends account Retained Earnings
Income Summary
To close the credit balance account 2011
Chapter 3S, P 2. (Continued)
Advertising Expense
Depreciation Expense—Repair Insurance Expense
General Journal Description
Income Summary May
Store Rent Expense Income Summary
Repair Supplies Expense Date
Income Taxes Expense
Dividends
To close the Income Summary account Retained Earnings
Equipment
$ 4,285 440 169 4,200
$ 70
3,843 50 5,000 300
1,375 425
60 40 299 70 50
$10,338 $10,338 Insurance Expense
Repair Supplies Repair Equipment 4.
Prepaid Insurance
Dividends
Income Taxes Payable
Adjusted Trial Balance Cash
Income Taxes Expense
Accumulated Depreciation—Repair Equipment
Depreciation Expense—Repair Equipment Repair Revenue
Accounts Payable Common Stock
May adjusted trial balance prepared
Advertising Expense Repair Supplies Expense
Javier's Repair Service, Inc.
May 31, 2011
Store Rent Expense
$1,375
$425 299 70 60 50 40
944
$ 431
$ — 431
$ 431 300
$ 131 Less dividends
Retained earnings, May 31, 2011 Total expenses
Net income
Retained earnings, May 1, 2011 Net income
Subtotal
Income Statement
For the Month Ended May 31, 2011 Javier's Repair Service, Inc.
Income taxes expense Repair revenue
Store rent expense Expenses
Revenue
Advertising expense Insurance expense Repair supplies expense
Depreciation expense—repair equipment Chapter 3S, P 2. (Continued)
5. May income statement, statement of retained earnings, and balance sheet prepared
Javier's Repair Service, Inc.
Statement of Retained Earnings For the Month Ended May 31, 2011
$4,285 440 169
$4,200
70 4,130
$9,024
$3,843 50
$3,893
$5,000 131
5,131
$9,024
$4,285 440 169 4,200
$ 70 3,843 50 5,000 131 Accounts Payable
Repair Supplies
Post-Closing Trial Balance
Accumulated Depreciation—Repair Equipment Repair Equipment
May 31, 2011 Total stockholders' equity
Total liabilities Repair supplies Repair equipment Cash
Common stock
Javier's Repair Service, Inc.
Retained Earnings Cash
Prepaid Insurance
7. May post-closing trial balance prepared
Income Taxes Payable Income taxes payable
Javier's Repair Service, Inc.
Balance Sheet May 31, 2011
Prepaid insurance
Total assets
Retained earnings
Total liabilities and stockholders' equity Less accumulated depreciation
Common Stock
Assets
Accounts payable
Liabilities
Stockholders' Equity
Page 4 Post.
Ref. Debit Credit
1 511 425
111 425
1 212 300
111 300
6 119 863
212 863
15 111 914
411 914
20 512 60
111 60
23 212 600
111 600
30 111 817
411 817
30 313 300
111 300
Accounts Payable Cash
To make payment on account to AWD Company
from AWD Company Cash
Date
To pay one month's rent Cash
To declare and pay dividend Dividends
Cash
last half of the month Repair Revenue
To record receipt of revenue for the Cash
Chapter 3S, P 2. (Continued)
Closing entries for June prepared
2011
8. Journal entries for June prepared 12.
9. Adjusting entries for June prepared
Repair Supplies
To purchase repair supplies on credit June Store Rent Expense
Company
General Journal
Description
first half of the month Accounts Payable
Accounts Payable Cash
To make monthly payment to Motley
Repair Revenue
Cash
To purchase additional advertisement Advertising Expense
To record receipt of revenue for the
Page 5 Post.
Ref. Debit Credit
30 513 40
117 40
30 514 619
119 619
$1,032 – $413 = $619
30 515 70
145 70
30 516 50
213 50
30 411 1,731
314 1,731
30 314 1,264
511 425
512 60
513 40
514 619
515 70
516 50
To close the debit balance accounts Repair Supplies Expense
Store Rent Expense Income Summary
Advertising Expense Insurance Expense
Accumulated Depreciation—Repair
Equipment income taxes
To record one month's estimated Closing entries:
Income Summary Adjusting entries:
Income Taxes Expense
Depreciation Expense—Repair
To close the credit balance account Repair Revenue
Income Taxes Payable
Depreciation Expense—Repair Equipment
To record depreciation for one month Equipment
Income Taxes Expense
General Journal Date
insurance
To record supplies used during June Repair Supplies
June Insurance Expense
Description
Repair Supplies Expense 2011
Prepaid Insurance
To record one month's expired
Page 6 Post.
Ref. Debit Credit
30 314 467
312 467
30 312 300
313 300
Date June
Retained Earnings
General Journal
account Chapter 3S, P 2. (Continued)
Description
To close the Income Summary 2011
Income Summary
Dividends
Retained Earnings
To close the Dividends account
Ref. Debit Credit Debit Credit 2011
May 1 J1 5,000 5,000
1 J1 425 4,575
1 J1 480 4,095
2 J1 600 3,495
8 J1 60 3,435
15 J1 400 3,835
21 J1 225 3,610
31 J2 975 4,585
31 J2 300 4,285
June 1 J4 425 3,860
1 J4 300 3,560
15 J4 914 4,474
20 J4 60 4,414
23 J4 600 3,814
30 J4 817 4,631
30 J4 300 4,331
Ref. Debit Credit Debit Credit 2011
May 1 J1 480 480
31 J2 40 440
June 30 J5 40 400
Date
Account No. 117
Adjustment Adjustment
Post.
Post. Balance
Item
Balance Item
Prepaid Insurance
Date
Cash Account No. 111
Ref. Debit Credit Debit Credit
5 J1 468 468
31 J2 299 169
6 J4 863 1,032
30 J5 619 413
Ref. Debit Credit Debit Credit
2 J1 4,200 4,200
Ref. Debit Credit Debit Credit
31 J2 70 70
30 J5 70 140
Ref. Debit Credit Debit Credit
2 J1 3,600 3,600
5 J1 468 4,068
21 J1 225 3,843
1 J4 300 3,543
6 J4 863 4,406
23 J4 600 3,806
Post.
Post. Balance
May Adjustment Date
Date
Account No. 144 Adjustment
Item Repair Equipment
Balance
May 2011
Accumulated Depreciation—Repair Equipment Adjustment
2011
Account No. 119 Balance
Date Item
Account No. 145 Chapter 3S, P 2. (Continued)
June Adjustment 2011
Item Repair Supplies
June May
Post.
May 2011
Date
Balance Account No. 212 Accounts Payable
June
Post.
Item
Ref. Debit Credit Debit Credit
31 J2 50 50
30 J5 50 100
Ref. Debit Credit Debit Credit
1 J1 5,000 5,000
Ref. Debit Credit Debit Credit
31 J3 431 431
31 J3 300 131
30 J6 467 598
30 J6 300 298
Ref. Debit Credit Debit Credit
31 J2 300 300
31 J3 300 —
30 J4 300 300
30 J6 300 —
Post. Balance
Date Item
Post.
Common Stock
Adjustment June
May
Balance May
Closing entry
Account No. 311
2011 May
Balance
Date Item
Post.
Adjustment
Income Taxes Payable Account No. 213
2011
Date Item
Balance Post.
June Closing entry Closing entry
Item
May June
Closing entry 2011
Closing entry Closing entry
Account No. 313 Dividends
Date 2011
Account No. 312 Retained Earnings
Ref. Debit Credit Debit Credit
31 J3 1,375 1,375
31 J3 944 431
31 J3 431 —
30 J5 1,731 1,731
30 J5 1,264 467
30 J6 467 —
Ref. Debit Credit Debit Credit
15 J1 400 400
31 J2 975 1,375
31 J3 1,375 —
15 J4 914 914
30 J4 817 1,731
30 J5 1,731 —
Ref. Debit Credit Debit Credit
1 J1 425 425
31 J3 425 —
1 J4 425 425
30 J5 425 —
Date
Balance
Closing entry
Balance Closing entry
Account No. 411
Post.
Post.
Balance Post.
Closing entry Closing entry
Repair Revenue
Account No. 314 Income Summary
2011
Date Item
Closing entry May Closing entry
Closing entry June
Closing entry
May
Item Chapter 3S, P 2. (Continued)
Store Rent Expense 2011
June
Date
Account No. 511
Closing entry May
Item
June 2011
Closing entry
Ref. Debit Credit Debit Credit
8 J1 60 60
31 J3 60 —
20 J4 60 60
30 J5 60 —
Ref. Debit Credit Debit Credit
31 J2 40 40
31 J3 40 —
30 J5 40 40
30 J5 40 —
Ref. Debit Credit Debit Credit
31 J2 299 299
31 J3 299 —
30 J5 619 619
30 J5 619 —
Ref. Debit Credit Debit Credit
31 J2 70 70
31 J3 70 —
Balance
Balance Post.
Account No. 513
Post.
Depreciation Expense—Repair Equipment Account No. 515
Post. Balance
2011 May
June
Item
Account No. 512 Advertising Expense
Date
Closing entry
Date Item
Closing entry
Closing entry
2011
May Adjustment Insurance Expense
May
Adjustment
Balance Post.
Item Date
Closing entry Adjustment Closing entry 2011
June
Date Item
Adjustment Adjustment Closing entry
Account No. 514 Repair Supplies Expense
Closing entry June
2011 May
Ref. Debit Credit Debit Credit
31 J2 50 50
31 J3 50 —
30 J5 50 50
30 J5 50 —
Adjustment Income Taxes Expense Chapter 3S, P 2. (Continued)
Balance Date
Account No. 516 Post.
Item
Closing entry Closing entry 2011
May
June Adjustment
$ 4,331 400 413 4,200
$ 140 3,806 100 5,000 131 300
1,731 425
60 40 619 70 50
$10,908 $10,908 Advertising Expense
Income Taxes Payable
Dividends
Retained Earnings
Depreciation Expense—Repair Equipment Store Rent Expense
Income Taxes Expense
Accumulated Depreciation—Repair Equipment
Javier's Repair Service, Inc.
10.
Prepaid Insurance
June adjusted trial balance prepared
Adjusted Trial Balance June 30, 2011
Insurance Expense Repair Revenue Common Stock Repair Supplies Repair Equipment Cash
Accounts Payable
Repair Supplies Expense
$1,731
$619 425 70 60 50 40
1,264
$ 467
$ 131 467
$ 598 300
$ 298 Retained earnings, June 30, 2011
Retained earnings, May 31, 2011 Net income
Subtotal
Less dividends
Chapter 3S, P 2. (Continued)
11. June income statement, statement of retained earnings, and balance sheet prepared
For the Month Ended June 30, 2011 For the Month Ended June 30, 2011
Statement of Retained Earnings Total expenses
Repair revenue
Javier's Repair Service, Inc.
Income taxes expense Insurance expense Net income
Javier's Repair Service, Inc.
Revenue
Store rent expense Advertising expense
Income Statement
Expenses
Repair supplies expense
Depreciation expense—repair equipment
$4,331 400 413
$4,200
140 4,060
$9,204
$3,806 100
$3,906
$5,000 298
5,298
$9,204
$4,331 400 413 4,200
$ 140 3,806 100 5,000 Accumulated Depreciation—Repair Equipment
Income Taxes Payable Common Stock
Cash
Prepaid Insurance Repair Supplies Repair Equipment
Accounts Payable
Post-Closing Trial Balance June 30, 2011
Javier's Repair Service, Inc.
13.
Total stockholders' equity
June post-closing trial balance prepared Total liabilities and stockholders' equity Total assets
Stockholders' Equity Income taxes payable
Repair supplies Repair equipment
Accounts payable
Total liabilities
Less accumulated depreciation
Liabilities
Common stock Retained earnings
Javier's Repair Service, Inc.
Prepaid insurance
Balance Sheet June 30, 2011
Assets Cash
DebitCreditDebitCreditDebitCreditDebitCredit 31,80031,80031,800 18,54418,54418,544 19,600(a)17,4002,2002,200 780(b)536244244 3,590(c)3,122468468 20,00020,00020,000 400,000400,000400,000 39,400(d)14,00053,40053,400 370,000370,000370,000 65,000(e)36,000101,000101,000 31,60031,60031,600 15,560(f)3,16018,72018,720 45,50645,50645,506 41,900(g)37,8004,1004,100 300,000300,000300,000 200,000200,000200,000 112,648112,648112,648 60,00060,00060,000 411,400(g)37,800449,200449,200 45,20045,20045,200 157,000(h)860157,860157,860 24,00024,00024,000 112,700112,700112,700 27,00027,00027,000 1,276,6141,276,614 (a)17,40017,40017,400 (b)536536536 (c)3,1223,1223,122 (d)14,00014,00014,000 (e)36,00036,00036,000 (f)3,1603,1603,160 (h)860860860 (i)20,00020,00020,000 (i)20,00020,00020,000 132,878132,8781,350,6341,350,634415,778494,400934,856856,234 78,62278,622 494,400494,400934,856934,856
Work Sheet For the Year Ended June 30, 2011 Balance SheetIncome Statement t
Debit
Adjusted e e s e
Trial Balance e
e
Trial Balance
Beauchamp Theater Corporation y
CreditAdjustments 188 © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied, duplicated, or posted to a publicly accessible website, in whole or in part.
$449,200 45,200
$494,400
$157,860 112,700 36,000 27,000 24,000 20,000 17,400 14,000 3,160 3,122 536
415,778
$ 78,622
$112,648 78,622
$191,270 60,000
$131,270 Beauchamp Theater Corporation
For the Year Ended June 30, 2011
Retained earnings, June 30, 2011 Retained earnings, June 30, 2010 Net income
Subtotal
Less dividends
Beauchamp Theater Corporation Income Statement
For the Year Ended June 30, 2011
Office supplies expense
Depreciation expense—building
Depreciation expense—theater furnishings
Net income Revenues
Ticket sales revenue Theater rental revenue
Utilities expense
Office wages expense Interest expense Income taxes expense Insurance expense Total revenues
Usher wages expense
2. Income statement, statement of retained earnings, and balance sheet prepared
Expenses
Depreciation expense—office equipment Cleaning supplies expense
Total expenses
Statement of Retained Earnings
$ 31,800 18,544 2,200 244 468 20,000
$400,000
53,400 346,600
$370,000
101,000 269,000
$ 31,600
18,720 12,880
$701,736
$ 45,506 4,100 860 20,000 300,000
$370,466
$200,000 131,270
331,270
$701,736 Total stockholders' equity
Wages payable Mortgage payable Total liabilities
Stockholders' Equity Chapter 3S, P 3. (Continued)
Total liabilities and stockholders' equity Building
Less accumulated depreciation Office equipment
Liabilities Accounts payable
Retained earnings Cash
Cleaning supplies Land
Prepaid insurance
Common stock Total assets
Theater furnishings
Gift books liability Income taxes payable
Less accumulated depreciation Less accumulated depreciation
Assets Balance Sheet
June 30, 2011
Office supplies Accounts receivable
Beauchamp Theater Corporation
Debit Credit
30 17,400
17,400
30 536
536
$780 – $244 =
30 3,122
3,122
$3,590 – $468 =
30 14,000
14,000
30 36,000
36,000
30 3,160
3,160
30 37,800
37,800
30 860
860 General Journal
$536 To record office supplies used June Insurance Expense
Prepaid Insurance
$3,122
Date Description
Cleaning Supplies Cleaning Supplies Expense
To record cleaning supplies used Adjusting entries:
3. Adjusting and closing entries prepared
2011
Accumulated Depreciation—Theater
To record depreciation on office equipment To record expired insurance
Office Supplies Expense
Depreciation Expense—Building
Accumulated Depreciation—Building
To record depreciation on building for the
Accumulated Depreciation—Office Equipment Depreciation Expense—Theater Furnishings
Depreciation Expense—Office Equipment To record depreciation on theater
Wages Payable Usher Wages Expense
for the year year
Furnishings Office Supplies
To record gift books redeemed Gift Books Liability
Ticket Sales Revenue furnishings for the year
Debit Credit
30 20,000
20,000
30 449,200
45,200
494,400
30 415,778
157,860 24,000 112,700 27,000 17,400 536 3,122 14,000 36,000 3,160 20,000
30 78,622
78,622
30 60,000
60,000 Depreciation Expense—Theater Furnishings
General Journal
Date Description
Office Supplies Expense
To close the Dividends account Income Summary
Retained Earnings Utilities Expense Income Taxes Payable
To record estimated income taxes
To close the credit balance accounts Income Summary
Theater Rental Revenue
Usher Wages Expense
Retained Earnings Dividends
Depreciation Expense—Office Equipment Income Taxes Expense
To close the Income Summary account Income Summary
To close the debit balance accounts Cleaning Supplies Expense
Interest Expense Insurance Expense Closing entries:
Office Wages Expense June
June
Chapter 3S, P 3. (Continued)
Income Taxes Expense 2011
Depreciation Expense—Building Ticket Sales Revenue
