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Exercise 13.6 (Algo) Recording closing entries. LO 13-5 On December 31, 20X1, the Income Statement columns of the worksheet for The Sax Shop contained the
Exercise 13.6 (Algo) Recording closing entries. LO 13-5 On December 31, 20X1, the Income Statement columns of the worksheet for The Sax Shop contained the following information. Income Statement Columns Debit Credit Income summary $ 37,800 $ 41,100 Sales 250,500 Sales returns and allowances 3,500 Sales discounts 2,500 Interest income 130 Purchases 133,600 Freight in 1,800
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