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Financial And Managerial Accounting The Basis For Business Decisions
The following account balances were taken from Hendersonville Corporations year-end

The following account balances were taken from Hendersonville Corporations year-end adjusted trial balance (assume these are the

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The following account balances were taken from Hendersonville Corporation’s year-end adjusted trial balance (assume these are the company’s only temporary accounts).

Prepare the company’s necessary closing entries.

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Dividends.... Service revenue... Supplies expense Rent expense... Depreciation expense: equipment. Salaries expense.... Income taxes expense.. $5,000 200,000 1,200 48,000 24,000 75,000 6,800

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Service Revenue 200000 Income Summary 200000 To close revenue to income summary Income S...View the full answer

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Financial And Managerial Accounting The Basis For Business Decisions

ISBN: 9781260247930

19th Edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Jun 16, 2022 01:20 AM

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