Question
Gold and Silver Inc is closing the books on its first year of operations. They have $750,000 of common stock and their net income is
Gold and Silver Inc is closing the books on its first year of operations. They have $750,000 of common stock and their net income is $100,000. What is the closing entry for net income ?
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Accounting What The Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
8th Edition
0073379417, 978-0073379418
