The ledger of Desai Catering contains the following balances: Owners Capital INR30,000, Owners Drawings INR2,000, Service Revenue
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The ledger of Desai Catering contains the following balances: Owner’s Capital INR30,000, Owner’s Drawings INR2,000, Service Revenue INR58,000, Salaries and Wages Expense INR39,000, and Supplies Expense INR7,000. Prepare the closing entries at December 31.
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Dec 31 Service Revenue 58000 Income Summary 58000 31 Income Summary 460...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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