I-05.03 Worksheet

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

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

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