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5 3.33 Exercise 4-6 Completing the income statement columns and preparing closing entries LO P1, P2 These Income Statement columns from a 10-column work sheet
5 3.33 Exercise 4-6 Completing the income statement columns and preparing closing entries LO P1, P2 These Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company Account Title Debit Credit Hent earned 127.000 Salaries expense 56,388 Insurance expense 8,001 office supplies expense 10,669 bike repair expense 3.933 Depreciation expence- 24,257 po BON Hint (1) Determine the amount that should be entered on the net income line of the work sheet (2) Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period, Beforces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period. View transaction Journal entry worksheet
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