5. Refer to the information below to see how Lipsky Insurance Agency reported their finances as...
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5. Refer to the information below to see how Lipsky Insurance Agency reported their finances as of September 30th. Journalize Lipsky's closing entries as needed for these documents. Description Sales and marketing expense Other assets Depreciation expense Long-term liabilities Cash Service revenue Accounts payable Accounts receivable Journalize Lipsky's closing entries: Enter answer here. Amount $1,600 $500 $700 $400 $1,000 $4,200 $300 $1,200 5. Refer to the information below to see how Lipsky Insurance Agency reported their finances as of September 30th. Journalize Lipsky's closing entries as needed for these documents. Description Sales and marketing expense Other assets Depreciation expense Long-term liabilities Cash Service revenue Accounts payable Accounts receivable Journalize Lipsky's closing entries: Enter answer here. Amount $1,600 $500 $700 $400 $1,000 $4,200 $300 $1,200
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Income Statement Revenues Service revenue 4200 Total revenue 4200 Expenses Salaries and ma... View the full answer
Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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