The following are transactions recorded by Bounce Corporation during the current year.
1. Ordinary operating maintenance on equipment was recorded as follows:
2. The company received an advance on a custom order for merchandise that will be shipped
Alberto Rock is the new owner of Summer Computer Services Inc. At the end of August
2014, his first month of ownership, Alberto is trying to prepare monthly financial
statements. Information follows for transactions that occurred in August:
1. At August 3
Selected accounts for Winslow Inc. as at December 31, 2014, are as follows:
Prepare closing entries for Winslow Inc. on December 31, 2014.
Investment Income .
Cost of Goods Sold
Sales Returns and Allowances