The adjusted trial balance of Sunland Company shows the following data pertaining to sales at the...
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The adjusted trial balance of Sunland Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2020: Sales Revenue $ 823,600, Freight-Out $ 16,200, Sales Returns and Allowances $26,200, and Sales Discounts $ 16,400. Prepare separate closing entries for (1) sales revenue, and (2) the contra accounts to sales revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Oct. 31 1. 2. 31. Debit TI Credit The adjusted trial balance of Sunland Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2020: Sales Revenue $ 823,600, Freight-Out $ 16,200, Sales Returns and Allowances $26,200, and Sales Discounts $ 16,400. Prepare separate closing entries for (1) sales revenue, and (2) the contra accounts to sales revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Oct. 31 1. 2. 31. Debit TI Credit
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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