Try another version of this question Nikki’s Lab had the following accounts and normal balances listed on its adjusted trial balance. Journalize the closing entries needed on December 31, 2019 for Nikki’s Lab
Service Revenue
$24,800
Salaries Expense
$7,100
Rent Expense
$3,900
Advertising Expense
$2,600
Owner's Drawing
$6,000
Date Description Debit Credit December 31 December 31 December 31 December 31 December 31 December 31 December 31 December 31 December 31 December 31 Date Description Debit Credit December 31 Service Revenue 24,800 December 31 Income Summary 24,800 December 31 Income Summary 13,600 December 31 Salaries Expense 7,100 December 31 Rent Expense 3,900 December 31 Advertising Expense 2,600 December 31 Income Summary 11,200 December 31 Nikki Mac, Capital 11,200 December 31 Nikki Mac, Capital 6,000 December 31 Nikki Mac, Drawing 6,000