Question
When closing revenue accounts, what is the amount of total debits? Presented below is information related to Swift Corporation for the year ended December 31,
When closing revenue accounts, what is the amount of total debits?
Presented below is information related to Swift Corporation for the year ended December 31, 2022. Accounts Receivable $48,500 7,200 Supplies Accounts Payable 22,700 Common Stock Retained Earnings Dividends Cost of Goods Sold Salaries Expense Interest Expense Insurance Expense Rent Expense Sales 345,000 184,600 22,000 222,400 65,000 7,300 11,700 21,000 366,500
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
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