Bookkeeping Exercises
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Closing entries practice

Record the four closing entries.

Item 1 of 19

Freeintermediate

Close revenue accounts

At Dec 31, 2026, Maple Street Tutoring's Service Revenue has a $7,400.00 credit balance and Interest Revenue has a $79.00 credit balance. Record the closing entry that transfers revenues to Income Summary.

Maple Street Tutoring · accrual basis · USD

Journal entry lines
AccountDebitCreditRemove
Totals$0.00$0.00

Enter amounts to see totals.