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Star Inc began operations several years ago Star Inc 's closing entries at October 31, 2014 are shown below Use this information to prepare a

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Star Inc began operations several years ago Star Inc 's closing entries at October 31, 2014 are shown below Use this information to prepare a classified multi-step income statement for the year ending October 31, 2014 Page Gj1 Debit Credit 289,500 500,500 790,000 (select one) Income Statement (select one) X X X X X Et ttttt 807,500 General Journal Date Account Explanation F 31/Oct Rent Earned Sales Income Summary Close temporary credit balance accounts 31/Oct Income Summary Advertising Expense Cost Of Goods Sold Depreciation Expense, Office Fixtures Depreciation Expense, Store Fixtures Insurance Expense Interest Expense Office Salaries Expense Office Supplies Expense Sales Discounts Sales Returns and Allowances Sales Salanes Expense Store Supplies Expense Close temporary debit balance accounts 108,500 125,500 12,500 5,000 12,500 32,500 141,000 81,500 25 500 9.500 156 500 97.000 17.500 17 500 31/Oct Retained Earnings Income Summary Close income summary 31/Oct Retained Eamings Dudende 21,000 2010 F Page GJI Debit Credit 289,500 500,500 790,000 (select one) Income Statement (select one) 807,500 General Journal Dale AccountExplanation 31/Oct Rent Earned Sales Income Summary Close temporary credit balance accounts 31/Oct Income Summary Advertising Expense Cost Of Goods Sold Depreciation Expense, Office Fixtures Depreciation Expense, Store Fixtures Insurance Expense Interest Expense Office Salaries Expense Office Supplies Expense Sales Discounts Sales Returns and Allowances Sales Salanes Expense Store Supplies Expense Close temporary debit balance accounts 310ct Retained Earnings Income Summary Close income summary 31/Oct Retained Earnings Dividends Close dividends 108,500 125,500 12,500 5,000 12,500 32,500 141,000 81,500 25,500 9,500 156,500 97,000 17,500 17,500 21,000 21,000

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