Financial Accounting
4th Edition
ISBN: 9781259307959
Author: J. David Spiceland, Wayne M Thomas, Don Herrmann
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 3, Problem 3.6BP
FIGHTING ILLINI Income Statement |
||
Service revenue | $89,700 | |
Expenses: | ||
Salaries | $50,000 | |
Supplies | 10,100 | |
Rent | 8,500 | |
Delivery | 4,700 | 73,300 |
Net income | $16,400 |
Required:
1. Record year-end closing entries.
2. Prepare a post-closing
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Chapter 3 Solutions
Financial Accounting
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