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On July 31, 2019, the balances of the accounts appearing in the ledger of Serbian Interiors Company, a furniture wholesaler,

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On July 31, 2019, the balances of the accounts appearing in the ledger of Serbian Interiors Company, a furniture wholesaler, are as follows:
On July 31, 2019, the balances of the accounts appearing

Prepare the July 31, 2019, closing entries for Serbian Interiors Company?

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Accumulated Depr-Building Administraive Expenses Building Cash Cost of Merchandise Sold Interest Expense Merchandise Inventory Notes Payable $365,000 440,000 810,000 78,000 775,000 6,000 115,000 100,000 Peter Bronsky, Capital Peter Bronsky, Drawing Sales Sales Tax Payable Selling Expenses Store Supplies Store Supplies Expense 530,000 15,000 1,437,000 4,500 160,000 16,000 21,500

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2019 Closing Entries July 31 Sales 1 437 000 Administra…View the full answer


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Accounting

ISBN: 978-1337899451

27th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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