INCOME STATEMENT |
Debit | Credit |
Sales | 34 |
Sales Ret. and Allow. | $2 |
Income Summary | 9 | 11 |
Purchases | 22 |
Pur. Ret. and Allow. | 3 |
Sales Salaries Expense | 5 |
Office Salaries Expense | 2 |
Sales | 34 |
Purchases Ret. and Allow. | 3 |
Income Summary | 37 |
Income Summary | 31 |
Sales Salaries Expense | 5 |
Office Salaries Expense | 2 |
Purchases | 22 |
Sales Returns and Allow. | 2 |
Income Summary | 8 |
Capital | 8 |