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The income statement for Weeping Willow Golf Club for the month ending July 31 shows Service Revenue $16,158, Salaries and Wages Expense $8,242, Maintenance and
The income statement for Weeping Willow Golf Club for the month ending July 31 shows Service Revenue $16,158, Salaries and Wages Expense $8,242, Maintenance and Repairs Expense $2,805, and Net Income $5,111. Prepare the entries to close the revenue and expense accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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