At December 31, Pina Colada Corporation reports net income of $508,800. Prepare the entry to close...
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At December 31, Pina Colada Corporation reports net income of $508,800. Prepare the entry to close net income. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit 47 At December 31, Pina Colada Corporation reports net income of $508,800. Prepare the entry to close net income. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit 47
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