Question
From the data below for the Sorta Company, prepare the closing entries for the year ended December 31, 20--. Cash dividends $105,000 Sales 987,000 Sales
From the data below for the Sorta Company, prepare the closing entries for the year ended December 31, 20--.
Cash dividends $105,000
Sales 987,000
Sales returns and allowances 5,200
Interest revenue 3,700
Factory overhead (debit) 205,300
Factory overhead (credit) 205,300
Cost of goods sold 674,200
Wages expense 112,000
Supplies expense 5,300
Depreciation expenseoffice equipment 4,200
Utilities expense 5,700
Bad debt expense 1,300
Advertising expense 6,300
Interest expense 4,700
Income tax expense 61,950
GENERAL JOURNAL Page 1
Dat | e | Description | Post Ref. | Debit | Credit |
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