Question
The income statement for the Four Oaks Golf Club Inc. for the month ended July 31 shows Service Revenue $17,710; Salaries and Wages Expense $9,160;
The income statement for the Four Oaks Golf Club Inc. for the month ended July 31 shows Service Revenue $17,710; Salaries and Wages Expense $9,160; Maintenance and Repairs Expense $3,700; and Income Tax Expense $1,310. The statement of retained earnings shows an opening balance for Retained Earnings of $22,520 and Dividends $1,760.
A. Prepare Closing Journal Entries
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Financial Accounting A Concepts Based Introduction
Authors: David Kolitz
1st Edition
1138844977, 978-1138844971
