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Closing Entries; Net Income On February 28, 2014, the balances of the accounts appearing in...

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Accounting

Closing Entries; Net Income

On February 28, 2014, the balances of the accounts appearing in the ledger of Foldaway Furnishings Company, a furniture wholesaler, are as follows:

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Journalize the closing entries in the order as presented in the chapter.

For a compound transaction, if an amount box does not require an entry, leave it blank.

2014 Feb. 28

Feb. 28

Feb. 28

Feb. 28

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