Prior to adjustment at August 31, Salary Expense has a debit balance of $258,270. Salaries owed but not paid as of the same date total $3,760.

Prepare the entries to record the following:

1. Accrued salaries as of August 31.

2. Closing of Salary Expense as of August 31.

Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $303,110. During the year Hannah invested an additional $20,810 and withdrew $39,530. For the year ended December 31 Hannah's Pool Service Company reported a net income of $58,430.

Prepare a statement of owner’s equity for the year ended December 31.

Hannah's Pool Service Company
Statement of Owner’s Equity
For the Year Ended December 31
$
$
Total
$