Accumulated depreciation furniture 360 accounts

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Accumulated Depreciation-Furniture360Accounts Payable45000Unearned Rent Revenue800Interest Payable1200Mortgage Payable60000Common Stock91000
E3-16 (Closing Entries for a Corporation) Presented below are selected account balancesfor Homer Winslow Co. as of December 31, 2014. Inventory 12/31/14 Common Stock Retained Earnings Dividends Sales Returns and Allowances Sales Discounts Sales Revenue Instructions $ 60,000 75,000 45,000 18,000 12,000 15,000 410,000 Cost of Goods Sold Selling Expenses Administrative Expenses Income Tax Expense $225,700 16,000 38,000 30,000 Prepare closing entries for Homer Winslow Co. on December 31, 2014. (Omit explanations)
Administrative ExpensesIncome Tax Expense38,00030,000Income SummaryRetained Earnings208,30063,000Retained EarningsDividends18,00018,000P3-4 (Financial Statements, Adjusting and Closing Entries) The trial balance of Bellemy Fashion Center 67 8 contained the followinga) Journalizing the Adjusting EntriesNovember 30, 20141Nov 30Store Supplies ExpenseStore Supplies200020002Nov 30Depreciation Expense-Store EquipmentAccumulated Depreciation-Store Equipment9,0009,0003Nov 30

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