Problema 3: 10 puntos Credit $ 50,000 500,000 The following information is available for Liu...
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Problema 3: 10 puntos Credit $ 50,000 500,000 The following information is available for Liu Company: Debit Owner's Capital Owner's Drawings $ 23,000 Sales Revenue Sales Returns and Allowances 20,000 Sales Discounts 7,500 Cost of Goods Sold 302,000 Freight-Out 2,300 Advertising Expense 15,000 Interest Expense 19,200 Salaries and Wages Expense 53,000 Utilities Expense 18,000 Depreciation Expense 9,000 Interest Revenue 18,000 Instructions Using the above information, prepare the closing entries for Liu Company
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