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The following T - 15,600 C1 255,000 255,000 C3 Income...

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The following T-accounts illustrate the impact of the closing entries on the special closing accounts  and retained earnings.  Manufacturing Summary C2 270,600
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Unformatted text preview: 15,600 C1 255,000 255,000 C3 Income Summary C3 255,000 444,700 C4 C5 169,875 424,875 444,700 19,825 C6 19,825 Retained Earnings 19,825 C6 Retained Earnings...
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