1. Invested more $ 100,000 and other transactions for the month are: 2. Purchase Furniture for Cash 7,000. 3. Purchase Goods for Cash 2,000 and for Credit. 1,000 from Khalid Retail Store 4. Acquired a building for $5,000 on cash. 5. Sold Goods (revenue) to Khan Brothers 12,000 and Cash Sales 5,000. 6. Owner withdrew of worth 2,000 for personal use. 7. Purchased land for $2,000 on credit. 8. Paid utility bills $ 250 9. Paid Salaries Expense $2,000 10. Bought furniture for $1,500 on credit

Question

Prepare the closing entries of revenue and expense from July 1st to December 31.2002.

Nestle company reported the following income statement for the year ended June 30, 2018. Their financial figures are given below in dollor. Sales 2018 91 439 Other revenue Cost of goods sold Distribution expenses Marketing and administration expenses Pearch and development costs Other trading income Other trading expenses Trading operating profit 311 146 070) 1469 120003 11 687 11 789 13 789 Other operating income Other operating expenses Operating profit 2535 25721 13 752 Financial income Financial expense Profit before taxes, associates and joint ventures 247 11 008 12 991 Tos Income from Octs and joint ventures Profit for the year (3 439 910 10 468 Suppose, Nestle incurred the following more transaction from July 1, 2018 to December 31, 2018