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Exercise 4-11 Nina’s Salon

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E4-11 Selected accounts for Nina’s Salon are presented below. All June 30 postings are from
closing entries.

Salaries Expense
6/10 3,200 6/30 8,800
6/28 5,600
Supplies Expense
6/12 600 6/30 1,300
6/24 700
Service Revenue
6/30 15,100 6/15 6,700
6/24 8,400
Rent Expense
6/1 3,000 6/30 3,000
Retained Earnings
6/30 2,500 6/1 12,000
6/30 2,000
Bal. 11,500
Dividends
6/13 1,000 6/30 2,500
6/25 1,500

Instructions
(a) Prepare the closing entries that were made.
(b) Post the closing entries to Income Summary

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