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Just need some help with the closing entries. Thanks! [ Your answer is correct. Prepare a multiple-step income statement as of February 28, 2017 Shamrock
Just need some help with the closing entries. Thanks!
[ Your answer is correct. Prepare a multiple-step income statement as of February 28, 2017 Shamrock Inc. For the Month Ending February 28, 2017 Service Revenue 12385 Utilities Expense 220 Salaries and Wages xpense 5880 720 Depreciation Expense Bad Debt Expense Supplies Expense 80 485 590 7975 Income from Operations Interest Expense Loss on Disposal of Plant Assets 4410 30 630 Income Before Income Taxes 3750 Income Tax Expense 750 Net Income/ (Loss) 3000 SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT (g2) Your answer is correct. Prepare a retained earnings statement as of February 28, 2017. (List items that increase retained earnings first.) Shamrock Inc. Retained Earnings Statement For the Month Ending February 28, 2017 Retained Earnings, 2/1/17 Add Net Income/(Loss) 3000 925 Retained Earnings, 2/28/17 2075Step by Step Solution
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