Question
The income statement for Weeping Willow Golf Club for the month ending July 31 shows Service Revenue of $16,058, Salaries and Wages Expense of $3,663,
The income statement for Weeping Willow Golf Club for the month ending July 31 shows Service Revenue of $16,058, Salaries and Wages Expense of $3,663, Maintenance and Repairs Expense of $3,034, and Net Income of $4,361.
Prepare the entries to close the revenue and expense accounts.
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Management Audits
Authors: Allan J. Sayle
3rd Edition
0951173901, 978-0951173909
