Reconstruct adjusting and closing entries for the
month ended September 30 from the T-accounts
below
Prepaid
Insurance
Accounts
Receivable
Unearned
Revenues
Wages
Payable
1,350
1,250
1,050
385
130
275
235
385
1,220
1,525
815
Diane Lin,
Capital
580
2,400
7,000
4,020
Diane Lin,
Drawing
2,400
Income
Summary
Fees
Earned
5.510
5,000
2,400
6,090
275
0
580
235
0
5,510
0
Wages
Expense
3,600
385
3,985
Rent
Expense
1,880
1,880
0
0
Insurance
Expense
130
Utilities
Expense
95
130
95
0