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    Accounting: Bob Knight - Closing entries, financial statemen

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    Income summary, owner's equity, balance sheet, post-closing trial balance to finish this project.

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    https://brainmass.com/business/balance-sheet/accounting-bob-knight-closing-entries-financial-statemen-205319

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    Bob Night, income summary, owner's equity, balance sheet, post-closing trial balance

    Income summary is the closing entries where you need to close the temporary accounts.

    April 30 Registration Fees 171,700
    Income Summary 171,700

    April 30 Income Summary 117,450
    Rent Expense 40,000
    Wages Expense 40,500
    Utilities Expense 2,000
    Postage Expense 150
    Telephone Expense 1,200
    Depreciation Expense 1,000
    Office Supply Expense 400
    Food Supply Expense 30,700
    Insurance Expense 1,500

    April 30 Bob Night, Capital 6,000
    Bob Night, Drawing 6,000

    April 30 Income Summary 54,250
    Bob Night, Capital 54,250

    BOB NIGHT
    Income Statement
    For the Month Ended April 30, 20XX

    Registration Fees 171,700
    Operating Expenses
    Rent Expense 40,000 ...

    Solution Summary

    This solution is comprised of a detailed explanation to prepare income summary, owner's equity, balance sheet, post-closing trial balance.

    $2.19

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