MARIST Marist College, 3399 North Road Poughkeepsie, NY 12601 II. The income statement of Lee Cleaners...

Transcribed Image Text:

MARIST Marist College, 3399 North Road Poughkeepsie, NY 12601 II. The income statement of Lee Cleaners for 2021 is as follows: Revenue Dry Cleaning Revenue.. Expenses Salaries Expense Depreciation Expense. Utilities Expense Rent Expense Supplies Expense. Net Income. LEE CLEANERS Income Statement For the Year Ended December 31, 2021 Total Expenses In addition, dividends in the amount of $5,000 were paid. Instructions Prepare the closing entries for 2021: General Journal Date Description $16,000 $3,500 2,500 1,500 1,000 1.200 9,700 $6,300 Page 1 Post. Ref. Debit Credit MARIST Marist College, 3399 North Road Poughkeepsie, NY 12601 II. The income statement of Lee Cleaners for 2021 is as follows: Revenue Dry Cleaning Revenue.. Expenses Salaries Expense Depreciation Expense. Utilities Expense Rent Expense Supplies Expense. Net Income. LEE CLEANERS Income Statement For the Year Ended December 31, 2021 Total Expenses In addition, dividends in the amount of $5,000 were paid. Instructions Prepare the closing entries for 2021: General Journal Date Description $16,000 $3,500 2,500 1,500 1,000 1.200 9,700 $6,300 Page 1 Post. Ref. Debit Credit