Presented below is information related to Gonzales Corporation for the month of January 2025. Instructions Prepare the
Question:
Presented below is information related to Gonzales Corporation for the month of January 2025.
Instructions
Prepare the necessary closing entries.
Transcribed Image Text:
Cost of goods sold Delivery expense Insurance expense Rent expense $208,000 7,000 12,000 20,000 Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue $ 61,000 8,000 13,000 350,000
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Related Book For
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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