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
$21,500
Salaries Expense
$7,200
Rent Expense
$4,100
Advertising Expense
$2,300
Owner's Drawing
$6,400
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 21,500 December 31 Income Summary 21,500 December 31 Income Summary 13,600 December 31 Salaries Expense 7,200 December 31 Rent Expense 4,100 December 31 Advertising Expense 2,300 December 31 Income Summary 7,900 December 31 Nikki Mac, Capital 7,900 December 31 Nikki Mac, Capital 6,400 December 31 Nikki Mac, Drawing 6,400