Presented below are selected account balances for Homer Winslow Co. as of December 31, 2008. Instructions Prepare

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Presented below are selected account balances for Homer Winslow Co. as of December 31, 2008.

Instructions
Prepare closing entries for Homer Winslow Co. on December 31, 2008. (Omitexplanations.)

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: May 10, 2012 12:55 AM

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Presented below are selected account balances for Homer Winslow Co. as of December 31, 2008. Instructions Prepare

Question:

Merchandise Inventory 12/31/08 60,000 Cost of Goods Sold Common Stock Retained Earnings Dividends Sales Returns and Allowances Sales Discounts Sales 75,000 45,000 18,000 12,000 15,000 410,000 $225,700 16,000 38,000 30,000 Selling Expenses Administrative Expenses Income Tax Expense

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Sales 410000 Cost of Goods Sold 225700 Sales Returns and Al...View the full answer

Intermediate Accounting principles and analysis

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