The trial balance of Celine Sportswear Store on December 31 shows Inventories of Rp. 5,200,000,...
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The trial balance of Celine Sportswear Store on December 31 shows Inventories of Rp. 5,200,000, Sales Revenue of Rp. 22,550,400, Sales Returns and Allowances of Rp. 800,000, Sales Discount RP 2350,600, Cost of Goods Sold Rp 8,210,000, Rental Income Rp 600,000, Freight-Out Rp 300,500, Rental Expenses Rp. 1,000,000, and Salaries and Wages Expense Rp.4,500,000. Prepare closing entries for the above accounts?
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