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
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Presented below are selected account balances for Homer Winslow Co as of December 31, 2014. Instructions: Prepare closing entries for Homer ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » 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.