Solution-Prepare the closing entries for the dionne

Prepare the closing entries for the dionne

Reference no: EM131143860

1. The trial balance of Dionne's Boutique at December 31 shows Merchandise Inventory $21,000, Sales $136,000, Sales Returns and Allowances $4,000, Sales Discounts $3,000, Cost of Goods Sold $92,400, Interest Revenue $5,000, Freight-out $1,500, Utilities Expense $7,400, Salaries Expense $18,500. Prepare the closing entries for the Dionne's accounts.

Reference no: EM131143860

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Prepare the closing entries for the dionne : The trial balance of Dionne's Boutique at December 31 shows Merchandise Inventory $21,000, Sales $136,000, Sales Returns and Allowances $4,000, Sales Discounts $3,000, Cost of Goods Sold $92,400, Interest Revenue $5,000, Freight-out $1,500, Utilities..

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Prepare the closing entries for the dionne

Reference no: EM131143860

Reference no: EM131143860

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