Write the third closing entry to transfer the net income or net loss to the P. Hernandez,
Question:
Write the third closing entry to transfer the net income or net loss to the P. Hernandez, Capital account, assuming the following:
a. A net income of $ 3,842 during the first quarter (Jan.– Mar.)
b. A net loss of $ 1,781 during the second quarter (Apr.– Jun.)
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Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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