Key Accounting Principles Volume 1, 4th Edition - Textbook - page 162

Chapter 6 The Accounting Cycle: Statements and Closing Entries
162
b) Complete the closing entries using the income summary method and post them to the
general ledger.
Journal Page 3
Date Account Titles and Explanation PR Debit Credit
GENERAL LEDGER
Account: Cash GL. No. 101
Date Description PR DR CR Balance
2016
Jun 1 Opening Balance 4,200 DR
Jun 1 J1 900 3,300 DR
Jun 3 J1 1,200 2,100 DR
Jun 6 J1 2,100 4,200 DR
Jun 13 J1 3,000 7,200 DR
Jun 16 J1 300 7,500 DR
Jun 23 J1 950 6,550 DR
Jun 30 J1 1,000 5,550 DR