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Social Science Clinic => Accounting => Topic started by: casperchen82 on Nov 11, 2019

Title: Prepare closing entries from the following information on the Warner Books worksheet income ...
Post by: casperchen82 on Nov 11, 2019

Prepare closing entries from the following information on the Warner Books worksheet income statement columns. Additional information: Withdrawals equal $20 for the period.

Income Statement

Debit

Credit

Sales

80

Sales Ret. and Allow.

8

Income Summary

16

22

Purchases

42

Pur. Ret. and Allow.

8

Sales Salaries Expense

12

Office Salaries Expense

4

Title: Prepare closing entries from the following information on the Warner Books worksheet income ...
Post by: johnpizzaz on Nov 11, 2019

Sales

80

Purchases Ret. and Allow.

8

Income Summary

88

Income Summary

66

Sales Salaries Expense

12

Office Salaries Expense

4

Purchases

42

Sales Returns and Allow.

8

Income Summary

22

Warner, Capital

22

Warner, Capital

20

Warner, Withdrawals

20