Question: What is the closing entry These partially completed Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. The owner, H.
These partially completed Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. The owner, H. Brown, did not make any withdrawals this period Debit Credit Account Title Rent eamecd Salaries expense Insurance expense Office suppies expense Bike repair expense 95,000 42,180 5,985 13,965 2,945 (1). Use the information to determine the amount that should be entered on the net income line of the work sheet Net income $ 11,780 12).Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period View transaction list View journal entry worksheet No Transaction Rent earmed 95,000 95,000
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