192
The income statement for Guinn Company for the year ended December 31, 2011 is as follows:
Prepare the entries to close the revenue and expense accounts at December 31, 2011.You may omit explanations for the transactions.
Correct Answer:
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Slater Brothers Supply uses a periodic inventory
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Nen Company uses a perpetual inventory system.During
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Q192: 196
Assume that Vangundy Company uses a periodic
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Prepare the necessary journal entries on the
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