Prepare the year-end closing entries.

Closing entries:

Date Particulars Amount (Dr) Amount (Cr)
31-dec-xx Sales 808000  
  Income statement   808000
31-dec-xx Income statement 556200  
  Cost of goods sold   556200
31-dec-xx Income statement 189000  
  Operating expenses   189000
31-dec-xx Income statement 35000  
  Income tax expense   35000
31-dec-xx Retained earnings 18900  
  Dividend   18900
31-dec-xx Interest revenue 13500  
  Income statement   13500

 

What We Offer:
• On-time delivery guarantee
• PhD-level professionals
• Automatic plagiarism check
• 100% money-back guarantee
• 100% Privacy and Confidentiality
• High Quality custom-written papers

Complete the assignment with a discussion of what you gained from reading about these two entrepreneurs.

You have been given the assignment to read Beer School: Bottling Success at The Brooklyn Brewery. Upon completion of reading this informative book dealing with this real life rags to riches entrepreneurial….

Prepare an income statement and an owner’s equity statement for the 2 months ended December 31, 2019, and a classified balance sheet as of December 31, 2019.

Instructions Cookie Creations (Chapter 4) This assignment is a continuation of the Cookie Creations case study from Chapters 1–3. You will use the information from the previous chapters and from….

Complete Problems 5 and 6 from Chapter 16 in the textbook.

Complete Problems 5 and 6 from Chapter 16 in the textbook. Follow the text directions for Problem 5 closely. Problem 6 should be in paragraph form and answer all parts….