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These partially completed Income Statement columns from a 10-column worksheet are for the Winston Sallem Boat Rental Company for the year ended December 31 2020.
These partially completed Income Statement columns from a 10-column worksheet are for the Winston Sallem Boat Rental Company for the year ended December 31 2020. The owner's name is Carl Winston Required: 1. Use the Information to determine the amount that should be entered on the profit line of the work sheet WINSTON BAILEM BOAT RENTAL COMPANY Income statement partial) For The Year Ended December 31, 2020 Debit Credit Rent revenue 5 103,800 Salaries expense 5 36,100 Insurance expense 5,200 Dockrental expense 12,800 Boet Supplies expense 7,020 Depreciation expense boes Totais Profit Tosis 2 In addition, prepare closing entries for the company and the pre-closing balance of the withdrawals account is $18.900 Journal entry worksheet 1 2 3 Record to close the revenue account Enter before di General Journal Dabit Credit Date December 31, 2010
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