Question: Exercise 4-6 Completing the income statement columns and preparing closing entries LO P1, P2 These Income Statement columns from a 10-column work sheet are for

 Exercise 4-6 Completing the income statement columns and preparing closing entriesLO P1, P2 These Income Statement columns from a 10-column work sheetare for Brown's Bike Rental Company. Account Title Debit Credit Rent earned103,000 Salaries expense 45,732 Insurance expense 6,489 Office supplies expense 15,141 Bike

Exercise 4-6 Completing the income statement columns and preparing closing entries LO P1, P2 These Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. Account Title Debit Credit Rent earned 103,000 Salaries expense 45,732 Insurance expense 6,489 Office supplies expense 15,141 Bike repair expense 3,193 Depreciation expense-Bikes 19,673 (1) Determine the amount that should be entered on the net income line of the work sheet. (2) Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period. View transaction list Journal entry worksheet Journal entry worksheet

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