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Question Required: Prepare closing entries for Dress Right Clothing Company. Sales revenue 38,500 Rent revenue 250 Cost of goods sold 22,000 Salaries expense 10,500 Supplies
Question Required: Prepare closing entries for Dress Right Clothing Company.
Sales revenue 38,500 Rent revenue 250 Cost of goods sold 22,000 Salaries expense 10,500 Supplies expense 800 Rent expense 2,000 Depreciation expense 200 Interest expense 333 Bad debt expense 500 Totals 181,033 181,033Step by Step Solution
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