The income statement for the Timberline Golf Club Inc. for the month ended July 31 shows Service
Question:
(a) Prepare closing journal entries.
(b) What is the ending balance in Retained Earnings?
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a Closing Entries July 31 Service Revenue 16000 Income Summary 16000 To close revenue account Inco...View the full answer
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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