On July 31, 2016, the balances of the accounts appearing in the ledger of Serbian Interiors Company,
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Prepare the July 31, 2016, closing entries for Serbian Interiors Company.
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Accumulated Depr Building Administrative Expenses Building $365,000 Notes Payable 100,000 455,000 1,437,000 4,500 160,000 16,000 21,500 0,000 Retained Earnings 810,000 Sales 78,000 Sales Tax Payable 75,000 Sig Expenses Common Stock Cost of Merchandise Sold Dividends Interest Expense Merchandise Inventory 775,000 StSupplies Store Supplies Expense 15,000 6,000 115,000
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2016 Closing Entries July 31 Sales 1437000 Income Summary 143700...View the full answer
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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