Question
If the closing amount in Wendys expense accounts was $4,760.90, create a general ledger posting her closing entries for her income and expense accounts. Income
If the closing amount in Wendys expense accounts was $4,760.90, create a general ledger posting her closing entries for her income and expense accounts.
| Income Summary | |||||||
| Date | Explanation | PR | Debit | Credit | Dr/Cr | Balance | |
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Create a new general journal closing entry to close the income summary account.
| GJ1 General Journal | |||||
| Date | Description | PR | Debit | Credit | |
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Audit Renaissance
Authors: Vakils
1st Edition
8184621639, 978-8184621631
