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    Exam 5: Accounting for Merchandising Operations
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    192 The Income Statement for Guinn Company for the Year Ended
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192 The Income Statement for Guinn Company for the Year Ended

Question 144

Question 144

Essay

192
The income statement for Guinn Company for the year ended December 31, 2011 is as follows: 192 The income statement for Guinn Company for the year ended December 31, 2011 is as follows:   Prepare the entries to close the revenue and expense accounts at December 31, 2011.You may omit explanations for the transactions. Prepare the entries to close the revenue and expense accounts at December 31, 2011.You may omit explanations for the transactions.

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