00:01
So, according to the question, it is in a four part and the entries close to the revenue account.
00:07
First entry is close to the revenue account as we have to show the different entries on the closing account.
00:16
So, date we put is december 31 account.
00:24
We have to say debit will be tracking revenue, tracking revenue by one lakh eighty two thousand dollar and credit will be income summary, income summary by one lakh eighty two thousand dollar.
00:55
Now, the second part of the question is or talk about entry to the entry to close the expense account.
01:04
Close expense account first will be a close of revenue account and second will be close of expense account date.
01:14
We have to put that will be december 31 not debit.
01:21
Will be depreciation expense, depreciation expense for trucks by five thousand two hundred dollar.
01:41
Debit will be office supply expense, office supplies expense by fifteen thousand six hundred dollar.
02:00
Again, debit will be salaries expense, which by nine by sixty four thousand.
02:16
We can correct it as so it will be sixty four thousand dollar...