From the following items in the income statement columns of the worksheet of Sharp's Tutoring at...
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From the following items in the income statement columns of the worksheet of Sharp's Tutoring at December 31, prepare the closing entries without explanation, assuming that a $75 withdrawal was made during the period Income Statement Debit Account Service Revenue Wages Expense Rent Expense Supplies Expense Insurance Expense Credit 2,000 1.000 500 200 100 1.800 200 2.000 Net Income From the following items in the income statement columns of the worksheet of Sharp's Tutoring at December 31, prepare the closing entries without explanation, assuming that a $75 withdrawal was made during the period Income Statement Debit Account Service Revenue Wages Expense Rent Expense Supplies Expense Insurance Expense Credit 2,000 1.000 500 200 100 1.800 200 2.000 Net Income
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1 Date Particulars Debit Credit 31Dec Tu toring fee 2... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
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