Mar 31 Sales Revenue Income Summary 31 Income Summary Closing Entries Sales Returns Sales Discounts Cost of Goods Sold Advertising Expense Bad Debt Expense Car Expense Dep. Expense - Furniture Dep. Expense - Equipment Dep. Expense - Truck Freight-out Insurance Expense Interest Expense Inventory Shortage Loss on Sale of Assets Maintenance Expense Miscellaneous Expense Rent Expense Supplies Expense Utilities Expense 31 J Boulton, Capital Income Summary 401 310 310 402 403 501 601 605 610 615 616 621 625 630 635 640 645 650 655 670 675 680 301 310 28,950.00 30,636.63 1,686 63 28,950.00 1,380.00 557.18 12,182 00 1,069 20 540.26 1,479.60 1,649.12 969.84 125 49 690.00 1,108 33 693 00 940.00 3,123 50 1,436 40 464 40 358 33 120.00 1,750.00 1,686.63

Mar 31 Sales Revenue Income Summary 31 Income Summary Closing Entries Sales Returns Sales Discounts Cost of Goods Sold Advertising Expense Bad Debt Expense Car Expense Dep. Expense - Furniture Dep. Expense - Equipment Dep. Expense - Truck Freight-out Insurance Expense Interest Expense Inventory Shortage Loss on Sale of Assets Maintenance Expense Miscellaneous Expense Rent Expense Supplies Expense Utilities Expense 31 J Boulton, Capital Income Summary 401 310 310 402 403 501 601 605 610 615 616 621 625 630 635 640 645 650 655 670 675 680 301 310 28,950.00 30,636.63 1,686 63 28,950.00 1,380.00 557.18 12,182 00 1,069 20 540.26 1,479.60 1,649.12 969.84 125 49 690.00 1,108 33 693 00 940.00 3,123 50 1,436 40 464 40 358 33 120.00 1,750.00 1,686.63

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 3E: Identify each of the following items relating to sections of an income statement as Revenue from...

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