a. A company had the following balances at year end: sales discounts $3,400, sales returns and allowances $2,000 and cost of goods sold $320,500. Close the accounts to income summary. View transaction list Journal entry worksheet < 1 A company had the following balances at year end: sales discounts $3,400, sales returns and allowances $2,000 and cost of goods sold $320,500. Close the accounts to income summary. Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal >

a. A company had the following balances at year end: sales discounts $3,400, sales returns and allowances $2,000 and cost of goods sold $320,500. Close the accounts to income summary. View transaction list Journal entry worksheet < 1 A company had the following balances at year end: sales discounts $3,400, sales returns and allowances $2,000 and cost of goods sold $320,500. Close the accounts to income summary. Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: acounting
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