The adjusted trial balance columns of the worksheet for Mr. Blue Sky Enterprises include these accounts: Inventory $50,000 Sales Revenue 200,000 Sales Discounts 2,000 Sales Returns and Allowances 3,000 Cost of Goods Sold 120,000 Prepare closing entries as needed just to close the accounts above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To close revenue.) (To close debit balance accounts.)

The adjusted trial balance columns of the worksheet for Mr. Blue Sky Enterprises include these accounts: Inventory $50,000 Sales Revenue 200,000 Sales Discounts 2,000 Sales Returns and Allowances...

The adjusted trial balance columns of the worksheet for Mr. Blue Sky Enterprises include these accounts:

Inventory		$50,000
Sales Revenue		200,000
Sales Discounts		2,000
Sales Returns and Allowances		3,000
Cost of Goods Sold		120,000

Prepare closing entries as needed just to close the accounts above.
(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit


(To close revenue.)




(To close debit balance accounts.)

Jun 02, 2022

SOLUTION.PDF

The adjusted trial balance columns of the worksheet for Mr. Blue Sky Enterprises include these accounts: Inventory $50,000 Sales Revenue 200,000 Sales Discounts 2,000 Sales Returns and Allowances...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment