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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958 Exercise 27
Closing entries.
The Income Summary and Harold Gibson, Capital accounts for Gibson Production Company at the end of its accounting period follow.
Complete the following statements:
1. Total revenue for the period is _________________.
2. Total expenses for the period are _________________.
3. Net income for the period is _________________.
4. Owner's withdrawals for the period are _________________.
The Income Summary and Harold Gibson, Capital accounts for Gibson Production Company at the end of its accounting period follow.
Complete the following statements:
1. Total revenue for the period is _________________.
2. Total expenses for the period are _________________.
3. Net income for the period is _________________.
4. Owner's withdrawals for the period are _________________.
Explanation
Verified
Verified
(2)
During closing entries, Income Summa...
College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
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