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Presented below is information related to Bramble Corporation for the month of January 2020. Cost of goods sold $209,920 Salaries and wages expense $59,890 Delivery
Presented below is information related to Bramble Corporation for the month of January 2020.
Cost of goods sold | $209,920 | Salaries and wages expense | $59,890 | |||
---|---|---|---|---|---|---|
Delivery expense | 6,480 | Sales discounts | 7,970 | |||
Insurance expense | 11,710 | Sales returns and allowances | 13,090 | |||
Rent expense | 18,390 | Sales revenue | 354,600
|
Prepare the necessary closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
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