Presented below are selected account balances for Homer Winslow Co. as of December 31, 2008. Instructions Prepare
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Instructions
Prepare closing entries for Homer Winslow Co. on December 31, 2008. (Omitexplanations.)
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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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Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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