Business, 06.03.2020 02:09, helpmepeeeeease
Presented below are selected account balances for Homer Winslow Co as of December 31, 2014.
Instructions: Prepare closing entries for Homer Winslow Co on December 31,2014. (Omit explanations)
Inventory 12/31/14 $60,000 Cost of Goods Sold $225,700
Common Stock 75,000 Selling Expenses 16,000
Retained Earnings 45,000 Administrative
Expenses 38,000
Dividends 18,000 Income Tax
Expense 30,000
Sales Returns
and Allowances 12,000
Sales Discounts 15,000
Sales Revenue 410,000
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Presented below are selected account balances for Homer Winslow Co as of December 31, 2014.
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