Sweyqand, Financial and Managerial, 3e CALCULATE Additional Brief Exercise 176 Use the following income statement...
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Sweyqand, Financial and Managerial, 3e CALCULATE Additional Brief Exercise 176 Use the following income statement for the year 2018 for Belle Company to prepare entries to close the revenue and expense accounts for the company. (Credit account the the amount is entered. Do not indent manually.) $85,000 Service revenue Expenses: Salaries and Wages Expense $40,000 Rent Expense 12,500 Advertising Expense 8,700 Total expenses Net income (loss) 61,200 $23,800 Account Titles and Explanation Debit Credit (To close revenue account.) (To dose expense account.) Question Attempts: 0 of 1 us earch O
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