The following information is taken from the trial balance of Petras Pedicure Parlour. Required (a) Given that
Question:
The following information is taken from the trial balance of Petra’s Pedicure Parlour.
Required
(a) Given that the cost of the inventory on 30 June 2026 is \($25\) 300, prepare the closing entries on 30 June 2026.
Transcribed Image Text:
Inventory, 1 July 2022 Petra Portillo, drawings Sales Sales returns and allowances Discount allowed Purchases Purchases returns and allowances Discount received Freight inwards Selling and distribution expenses Administrative expenses Debit $ 24 290 20 600 Credit $360 520 4520 1820 218 380 1580 1390 3510 69 060 58 550
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Related Book For
Accounting
ISBN: 9780730382737
11th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie
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