Question
Use the following income statement for the year 2018 for Belle Company to prepare entries to close the revenue and expense accounts for the company.
Use the following income statement for the year 2018 for Belle Company to prepare entries to close the revenue and expense accounts for the company.
Service revenue$85,000Expenses:Salaries and Wages Expense$40,000Rent Expense12,500Advertising Expense8,700Total expenses61,200Net income (loss)$23,800
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
