901 tol 001 22000 QUESTION 3. The remaining balance information of the income and expense accounts...

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901 tol 001 22000 QUESTION 3. The remaining balance information of the income and expense accounts of the company are as follows. Make journal entries for the closing entries of the related accounts at the end of the period. Find the profit/loss and make the necessary journal entries. Make the necessary journal entries to transfer the profit/loss to the balance sheet. (30p) NOTE: IF THERE IS PROFIT, CALCULATE TAX WITH 20%. 600 DOMESTIC SALES 632 GENERAL AND ADM. EXP. 643 COMISSION INCOME 450.000 20.000 621 COST OF GOODS SOLD 642 INTEREST INCOME 130.000 15.000 5.000 655 MARKETABLE SEC. SALES EXP 20.000 DR CR 31.12.2017 690 NET PROFIT OR LOSS FOR P. nu 170.900 632 GEN AND AD. EXP 20000 mik 2 643 comissiON INCOME 3. - closing atries 690 NET PIC FOR PERIOD 691 PFTAOLL 655 market, SECS. EXP. 64 Castor C. SOLD. -closing entries 31.12.17 600 DOMESTIC DALES 642 INTEREST INCOME 690 NET PIC FOR PERIOS 20.000 130.000 kullana 450.000 15.000 izligine 5.200 470.200 ren 31.12.2017 300.000 gisayarda tuto -closing entries. 21.12.2017 691 PFTAGLL Ja PFTAQLL -lesmp entres 21.12.2017 692 P/L FOR P. 692 PIL FOR P (AFTER TAX) 60.000 249.200 USB bellek ile ucudan alabilirs 590 N.P.AGA PERIOD 60.009 60.900 240.000 249.000 -abemy entries 901 tol 001 22000 QUESTION 3. The remaining balance information of the income and expense accounts of the company are as follows. Make journal entries for the closing entries of the related accounts at the end of the period. Find the profit/loss and make the necessary journal entries. Make the necessary journal entries to transfer the profit/loss to the balance sheet. (30p) NOTE: IF THERE IS PROFIT, CALCULATE TAX WITH 20%. 600 DOMESTIC SALES 632 GENERAL AND ADM. EXP. 643 COMISSION INCOME 450.000 20.000 621 COST OF GOODS SOLD 642 INTEREST INCOME 130.000 15.000 5.000 655 MARKETABLE SEC. SALES EXP 20.000 DR CR 31.12.2017 690 NET PROFIT OR LOSS FOR P. nu 170.900 632 GEN AND AD. EXP 20000 mik 2 643 comissiON INCOME 3. - closing atries 690 NET PIC FOR PERIOD 691 PFTAOLL 655 market, SECS. EXP. 64 Castor C. SOLD. -closing entries 31.12.17 600 DOMESTIC DALES 642 INTEREST INCOME 690 NET PIC FOR PERIOS 20.000 130.000 kullana 450.000 15.000 izligine 5.200 470.200 ren 31.12.2017 300.000 gisayarda tuto -closing entries. 21.12.2017 691 PFTAGLL Ja PFTAQLL -lesmp entres 21.12.2017 692 P/L FOR P. 692 PIL FOR P (AFTER TAX) 60.000 249.200 USB bellek ile ucudan alabilirs 590 N.P.AGA PERIOD 60.009 60.900 240.000 249.000 -abemy entries