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Using this info: https://www.chegg.com/homework-help/questions-and-answers/palisade-creek-co-merchandising-business-uses-perpetual-inventory-system-account-balances--q24342882 Will someone please help me make the following corrections: -------- -------- --- --- DATE DESCRIPTION POST. REF DEBIT CREDIT Closing Entries
Using this info:
https://www.chegg.com/homework-help/questions-and-answers/palisade-creek-co-merchandising-business-uses-perpetual-inventory-system-account-balances--q24342882
Will someone please help me make the following corrections:
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DATE DESCRIPTION POST. REF DEBIT CREDIT Closing Entries May 31 Sales 5,532,350.00 Income Summary 5,532,350.00 May 31 | Income Summary 4,769,850.00 Sales Sales Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Miscellaneous Administrative Expense 113,700.00 61,600.00 3,012,150.00 727,800.00 292,000.00 14,000.00 9,800.00 12,600.00 417,700.00 88,700.00 12,000.00 7,800.00 May 31 Income Summary 762,500.00 Retained Earnings 762,500.00 DATE DESCRIPTION POST. REF DEBIT CREDIT Closing Entries May 31 Sales 5,532,350.00 Income Summary 5,532,350.00 May 31 | Income Summary 4,769,850.00 Sales Sales Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Miscellaneous Administrative Expense 113,700.00 61,600.00 3,012,150.00 727,800.00 292,000.00 14,000.00 9,800.00 12,600.00 417,700.00 88,700.00 12,000.00 7,800.00 May 31 Income Summary 762,500.00 Retained Earnings 762,500.00
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