The income statement accounts for the Monroe Realty Company at the end of its fiscal year are

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The income statement accounts for the Monroe Realty Company at the end of its fiscal year are shown below. Prepare the required closing entries in journal form. Chris Ross is theowner.

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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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Question Posted: Feb 23, 2012 12:29 AM

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The income statement accounts for the Monroe Realty Company at the end of its fiscal year are

Question:

Account Name Commission Revenue Wages Expense Rent Expense Supplies Expense Insurance Expense Depreciation Expense-Office Equipment 345 Debit Credit S26,620 s9,110 1,300 4,160 915 16,830 S 9,790 Total Expenses Net Income

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tr msoheightsourceauto col msowidthsourceauto br msodataplacementsamecell style18 msonumberformat00220022 00000220022 00000220022 00220022 msostylenameCurrency msostyleid4 style0 msonumberformatGenera...View the full answer

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