The accountant for Klein Photography has posted adjusting entries (a)-(e) to the following selected

The accountant for Klein Photography has posted adjusting entries (a)-(e) to the following selected accounts at December 31, 2012.

             Accounts receivable                                                                     Supplies

                46,000                                                                         5,000                  (b)            2,400

(a)         2,000

             Accumulated depr.-furniture                                    Accumulated depr.-building

                                                           8,000                                                                            30,000

                      (c)                  800                                                                 (d)            6,200

 

                           Salary Payable                                                                Klein, capital

                                        (e)                700                                                                            47,000

 

                           Klein, drawing                                                                Service revenue

               57,000                                                                                                                  108,000

(a)             2,000

                          Salary expense                                                                Supplies expense  

               25,400                                                           (b)        2,400    

        (e)       700

 

         Depreciation expense-furniture                                  Depreciation expense-furniture

        (c)       800                                                            (d)        6,200

 

Requirements:

1. Journalize Klein Photography’s closing entries at December 31, 2012

2. Determine Klein Photography’s ending Klein, capital balance at December 31, 2012.

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