Theese partiallt completed income statment columns from a 10-column work sheet are from Browns bike rental comapny.

1) prepare the companys closing entries. The owner,H brown, did not make any withdrawals this period.

-close revenue accounts

-close expense accounts

-close income summery accounts

These partially completed Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. Account Title Debit Credit Rent earned Salaries expense Insurance expense Office supplies expense Bike repair expense Depreciation expense-Bikes 17,572 92,e00 40,848 5,796 13,524 2,852 (1) Use the information to determine the amount that should be entered on the net income line of the work sheet Answer is complete and correct. Net income 11 408 Journal entry worksheet 2 3 Record the entry to close revenue accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View peneral journal search Saved re-Built Assignments i Journal entry worksheet > 1 Record the entry to close expense accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View geneal journat