I-05.03 Worksheet

I-05.03 Worksheet - ending inventory balance Dec 31 To...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Name: Date: Section: I-05.03(a) HANNA SPORTS CORPORATION Income Statement For the Year Ending December 31, 20X7 Revenues Cost of goods sold Gross profit Expenses Net income
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Name: Date: Section: I-05.03(b) GENERAL JOURNAL Page Date Accounts Debit Credit Dec. 31 To close income statement accounts with a credit balance, and establish
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ending inventory balance Dec. 31 To close income statement accounts with a debit balance, and remove the beginning inventory balance Dec. 31 To close Income Summary to retained earnings Dec. 31 To close Dividends to Retained Earnings...
View Full Document

This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

Page1 / 2

I-05.03 Worksheet - ending inventory balance Dec 31 To...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online