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complete the attached income sheet with the attached closed journal entry sheet For the Period Ended X/XX/XXX Sevenues ales Cost of Goods Sold Xxx, xxx

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complete the attached income sheet with the attached closed journal entry sheet
For the Period Ended X/XX/XXX Sevenues ales Cost of Goods Sold Xxx, xxx Xx,xxx Eross Profit #VALUE! Xxx,xxx Xxx,xxx Xx.xxx #VALUE! ayroll and Related Expenses account Name Account Name Operating Expenses Account Name Account Name otal Operating Expenses det Operating Income Xxx, xxx XxXxx #VALUE! #VALUE! Fixed Expenses Account Name Bccount Name Account Name Bccount Name Total Fixed Expenses Xxx.xxx Xx, XXX Xxx, xox Xxxcx $0 #VALUE! Taxable Income ncome Taxes #VALUE! Net Income(Loss) #VALUE! Closing Enteries Closing Enteries Date Particulars Debit in $ Credit in 30.6.2020 Income Summary a/c Dr. 67186.78 To Sales Return and allowances 10000 To Repairs Expense 1800 To Advertising Expense 1500 To Utility Expense 2000 To Insurance Expense 26000 To Wages Expense 6191.78 To Equipment Depre 11195 TO COGS 8500 (Expense accounts closed) Dr. 20000 30.6.2020 Revenue a/c To Income Summary (Revenue accounts closed 20000 Dr. 47186.78 30.6.2020 Retained Earnings a/c To Income Summary (loss Transferred) 47186.78 Dr. 5000 30.6.2020 Retained Earnings a/c To Dividend (Dividend account closed) 5000

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