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
$21,600
Salaries Expense
$7,500
Rent Expense
$4,000
Advertising Expense
$2,500
Owner's Drawing
$6,300
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 21,600 December 31 Income Summary 21,600 December 31 Income Summary 14,000 December 31 Salaries Expense 7,500 December 31 Rent Expense 4,000 December 31 Advertising Expense 2,500 December 31 Income Summary 7,600 December 31 Nikki Mac, Capital 7,600 December 31 Nikki Mac, Capital 6,300 December 31 Nikki Mac, Drawing 6,300