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NEED NOW!!!!!!! Presented below is information related to Ivanhoe Company, owned by D. Flamont for the month of January 2021 $21.600 Insurance expense $10,700 17,200
NEED NOW!!!!!!! Presented below is information related to Ivanhoe Company, owned by D. Flamont for the month of January 2021 $21.600 Insurance expense $10,700 17,200 Rent expense 20,300 Ending inventory per perpetual records Ending inventory actually on hand Cost of goods sold Freight out 215,000 56,100 6,600 9,700 Salaries expense Sales discounts Sales returns and allowances Sales 13,200 382,000 Prepare the necessary adjusting entry for inventory. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and explanation Debit Credit Jan. 31 (To adjust ending inventory to actual at year end.) Prepare the necessary closing entries. D. Flamont did not withdrawany cash during the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation Jan 31 (To close income statement account with credit balance) Jan 31 > v
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