Acc280 Financial Accounting: BE4-6 The income statement for Crestwood Golf Club

Acc280 Financial Accounting
BE4-6
The income statement for Crestwood Golf Club for the month ending July 31 shows Green Fee Revenue $13,600, Salaries Expense $8,200, Maintenance Expense $2,500, and Net Income $2,900.

Prepare the entries to close the revenue and expense accounts. Post the entries to the revenue and expense accounts, and complete the closing process for these accounts using the three-column form of account. 
(For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2. If answer is zero, please enter 0. Do not leave any fields blank.)
Powered by