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Question 9 Bramble Company had the following adjusted trial balance. Bramble Company Adjusted Trial Balance For the Month Ended June 30, 2019 Adjusted Trial Balance Account Titles Debit Credit Cash $3,880 Accounts Receivable 3,760 Supplies 400 Accounts Payable $1,900 Unearned Service Revenue 100 Common Stock 2,550 Retained Earnings 2,000 Dividends 420 Service Revenue 5,500 Salaries and Wages Expense 1,300 Miscellaneous Expense 240 Supplies Expense 2,500 Salaries and Wages Payable 450 $12,500 $12,500 Prepare closing entries at June 30, 2019. (Credit account titles are automatically indented when amount manually.)

Answer 1

Date	Account Title and Explanations				Debit	Credit
Jun-30	Service Revenue			Dr	5,500
	Profit and loss account			Cr		5,500
	(To close revenue account)
Jun-30	Profit and loss account			Dr	4,040
	Supplies Expense			Cr		2,500
	Salaries and wages expenses			Cr		1,300
	Miscellaneous Expenses			Cr		240
	(To close expense account)
Jun-30	Profit and loss account			Dr	5,500
	Profit and loss account			Cr		4,040
	Retained Earnings			Cr		1,460
	(To close net income)
Jun-30	Retained Earnings			Dr	420
	Dividends			Cr		420
		Post Closing Trial Balance
	Particulars				Debit ($)	Credit ($)
	Cash				3,880
	Accounts Receivables				3,760
	Supplies				400
	Accounts Payable					1,900
	Unearned Service Revenue					100
	Common Stock					2,550
	Retained Earnings (2000 +1460 - 420)					3,040
	Salaries and wages payable					450
	Totals				8,040	8,040