Accounting and Finance Foundations

Unit 7

Accounting and Finance Foundations Unit 7: Financial Statements 604

Financial Statements

Journal Voucher 0007 – Closing Entry 2

18.6.1 Closing Entries Examples (cont’d)

Chapter 18

Student Guide

ABC Company

Journal Voucher

NO:0007

Office: __________________________ Month: _________________ Year: ___________

Ref.

No. Description

General

Ledger

Account

Debit Credit

JE7 Income Summary

Retained Earnings

To close the Income Summary account

for accounting period ending October 31,

20YY. Supporting Documentation JE6 is

attached.

330

310

188,585.00

188,585.00

Column Totals 188,585.00 188,585.00

Prepared by: __________________________________ Date: ______________

Authorized by: _________________________________ Date: ______________

October 20YY

Anita Job

ABC Owner

10/31/20YY

10/31/20YY

1234 Office