Question
Q3. Presented below is information related to CHO Co. for the month of January 2018. Cost of Goods Sold 202,000 Salary expense 61,000 Freight-out 7,000
Q3. Presented below is information related to CHO Co. for the month of January 2018. Cost of Goods Sold 202,000 Salary expense 61,000 Freight-out 7,000 Sales discount 8,000 Insurance expense 12,000 Sales returns and allowances 13,000 Rent expense 20,000 Sales 340,000 Dividends 1,000 Instructions: Prepare the closing entries. (Marks 4)
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
