Completing the income statement columns and preparing entries.

Exercise 4.6 (Algo) Completing the income statement columns and preparing closing entries LO P1, P2 Following are Income Statement columns from a 10 column work sheet for Brown's Bike Rental Company Rental revenue 141,000 Salaries expense 62,604 Insurance expense 8,883 Supplies expense 20.722 Bike repair expense 4,371 Depreciation expense-Bikes 26,931 (1) Determine the amount TSROU Beentered on meneti come line of the WORS (2) Prepare the companys closing entes. The owner H Brown did not make any withdrawns the period Complete this question by entering your answers in the tobs below Required 1 Required 2 Determine the amount that should be entered on the net income line of the worksheet ew SOLLI Journal entry worksheet A B Record the entry to close revenue accounts. Note: Enter debito before credits, General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal