Selling expenses

Administrative expenses

$105,000$

Journal entry worksheet

$1$

$2$

$4$

Record closing of income summary account.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[\backslash$table$[[$December$],[31]],$Income summary,$33,000,],[,$K$.$ Emiko, Capital,,$33000],[,$t$.,,],[,,,],[,,,]]$

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$11$

Selling expenses

Administrative expenses

$39,000$

$05,000$

$3\mathrm{.}4$

points

Journal entry worksheet

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Record closing of credit balances in temporary accounts.

References

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,,Debit,Credit$],[\backslash$table$[[$December$],[31]],$Sales,grad,$529,000,],[,$Income summary,,,$529,000],[,$p$,,,],[,7,,,],[,-,,,],[,,,,]]$

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$11$ of $25$

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$11$

Record closing of debit balances in temporary accounts.

$3\mathrm{.}4$

points

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31,$Income summary,$444,500,],[,$Sales returns and allowances,,$17,500],[,$Sales discounts,,$5,000],[,$Cost of goods sold,,$213,300],[,$Sales salaries expense,,$49,700],[,$Utilities expenses,,$15,000],[,$Selling expenses,$39,000,],[,$Administrative expenses,$105,000,],[,,,],[,,,]]$