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need help with getting the numbers NixIt Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances. Nix'it
need help with getting the numbers
Nix"It Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances. Nix'it uses the perpetual inventory system. T. Nix, Capital $ 115,300 Cost of goods sold 106,900 T. Nix, Withdrawals 7,000 Depreciation expense expense 10,300 Sales 170,000 Salaries expense 32,500 Sales discounts 4,700 Miscellaneous expenses 5,000 Sales returns and allowances $ 6,500 Prepare the company's year-end closing entries. mework Saved Help Save & E my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate cu Return * Answer is not complete. No Date General Journal Debit Credit 1 July 31 Sales Income summary 170,000 170,000 2 July 31 162,100 ISIS Income summary Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense Salaries expense Miscellaneous expenses 3 July 31 Income summary T. Nix, Capital 4 July 31 > T. Nix, Capital T. Nix, Withdrawals Step by Step Solution
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