Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do...
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Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Nov. 30 Sales Revenue Service Revenue Income Summary (To close revenue accounts and other accounts with credit balances.) Nov. 30 Income Summary Sales Discounts Cost of Goods Sold Depreciation Expense Supplies Expense Salaries and Wages Expense Debit Rent Expense (To close expense accounts and other accounts with debit balances.) Nov. 30 Income Summary Retained Earnings (To close income summary.) 14850 18968 Credit 33818 297 Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Nov. 30 Sales Revenue Service Revenue Income Summary (To close revenue accounts and other accounts with credit balances.) Nov. 30 Income Summary Sales Discounts Cost of Goods Sold Depreciation Expense Supplies Expense Salaries and Wages Expense Debit Rent Expense (To close expense accounts and other accounts with debit balances.) Nov. 30 Income Summary Retained Earnings (To close income summary.) 14850 18968 Credit 33818 297
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