Operating expenses Sales returns and allowances Sales discounts Sales revenue Cost of goods sold The profit margin would
Posted: Wed Jul 06, 2022 6:10 am
- Operating Expenses Sales Returns And Allowances Sales Discounts Sales Revenue Cost Of Goods Sold The Profit Margin Would 1 (35.95 KiB) Viewed 15 times
- Operating Expenses Sales Returns And Allowances Sales Discounts Sales Revenue Cost Of Goods Sold The Profit Margin Would 2 (29.81 KiB) Viewed 15 times
Question 15 of 20 (a) The income statement for the Shamrock, Inc. for the month ended July 31 shows Service Revenue $17,510, Salaries and Wages Expense $9,760, Maintenance and Repairs Expense $3,070, and Income Tax Expense $1,400. The statement of retained earnings shows an opening balance for Retained Earnings of $24,760 and Dividends $1,660. Prepare closing journal entries. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation July 31 July 31 -/10 (To close revenue account) Debit !!! Credit