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IV. The items that follow appeared in the Income Statement columns of the work sheet prepared for Armstrong Delivery Service at current year-end. In addition,
IV. The items that follow appeared in the Income Statement columns of the work sheet prepared for Armstrong Delivery Service at current year-end. In addition, L. Armstrong, Capital had a credit balance of $117,000 and L. Armstrong, Withdrawals had a debit balance of $30,000 at year end. Prepare closing journal entries for this company. 20 PTOS.) Income Statement Dr. Cr $98,900 Delivery Revenue. $28,100 14,400 Insurance expense.. Office supplies expense Depreciation expense-Office equipment. 1,200 1,900 $51,600 $98,900 $98,900 $98,900
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