From the partial worksheet in Figure 12.11, journalize the closing entries for December 31 for F. Henry
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F. HENRY CO WORKSHEET FOR YEAR ENDED DECEMBER 31,201X Income Statement Balance Sheet Account Cr 18900 44900 56300 3 2 00 107900 Merchandise Inventory Prepaid Advertising Prepaid Insurance Office Equipment Accum. Dep., Office Equip Accounts Payable F. Henry, Capital Income Summary Sales Sales Returns and Allowances Sales Discount Purchases Purchases Returns and Allowances Purchases Discount Salaries Expense Insurance Expense Utilities Expense Plumbing Expense 2 5 700 449 00 5504 00 35 600 3 2 2 8 00 10600 262 2 00 36 00 54 00 108 700 69 50 42 00 5900 1600 Advertising Expense Dep. Expenses, Office Equip Salaries Payable 523 6 006043 00 23 1 200150 500 80700 61043100 6 043100 231200 213 12100 NetIncome
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College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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