Use the following income statement for the year 2015 for Belle Company to a. Prepare entries to

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Use the following income statement for the year 2015 for Belle Company to

a. Prepare entries to close the revenue and

b. Expense accounts for the company.

(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Service revenue $85,000

Expenses:

Salaries and Wages Expense $40,000

Rent Expense 12,500

Advertising Expense 8,700

Total expenses 61,200

Net income (loss) $23,800

Related Book For answer-question

Contemporary Financial Management

ISBN: 978-1285198842

13th edition

Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao

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Posted Date: Aug 30, 2018 07:47 AM

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Use the following income statement for the year 2015 for Belle Company to a. Prepare entries to

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a To Close Revenue account Debit Credit Serv... View the full answer

Contemporary Financial Management

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