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Balance Debit Credit 4100 38,000 $ 18,100 500 300 39.900 $ 9,000 18 Income Statement Year Ended June 30, 2024 Net Sales Revenue $ 188 000 84.600 Cost of Goods Sold Gross Pro 103.400 Operating Experts Seling Expenses $ 18.500 Administrative Expenses 16000 Total Operating Expenses 3460) Operating Income 69,000 Other Income and (Expenses) Sales Discounts Forfeited 150 Interest Expense (1300 Total One Income and (Expenses (1.150 $ Net Income (5) 67,650 Requirement 2. Journalize Syd's closing enties (Record debits first, then credits. Select the explanation on the las Start by closing revenues and other credit accounts for the period Do not close the expenses, this will be done in the Date Accounts and Explanation Debit Credit Jun 30 14,100 900 Account Title Cash Accounts Receivable Merchandise Inventory Estimated Returns Inventory Office Supples Furniture Accumulated Depreciation-Furniture Accounts Payable Refunds Payable Salaries Payable Unearned Revenue Notes Payable, long-term Syd, Capital Syd, Withdrawals Sales Revenue Sales Discounts Forfeited Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total 600 7.200 18,000 25.450 42.000 188,000 150 84.600 18600 16 000 1,300 5 263.000 $ 263.400 Choose from any list of enter any number in the input fields and then click Chock Answer Paint Done 4 parts remaining

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