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
$24,500
Salaries Expense
$7,000
Rent Expense
$4,000
Advertising Expense
$2,700
Owner's Drawing
$6,500
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 24,500 December 31 Income Summary 24,500 December 31 Income Summary 13,700 December 31 Salaries Expense 7,000 December 31 Rent Expense 4,000 December 31 Advertising Expense 2,700 December 31 Income Summary 10,800 December 31 Nikki Mac, Capital 10,800 December 31 Nikki Mac, Capital 6,500 December 31 Nikki Mac, Drawing 6,500