Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Management Posted 08 Oct 2017 My Price 5.00

Hamilton Realty Company

preparation of Closing Entries

E1A. Hamilton Realty Company’s income statement accounts at the end of its fiscal year, December 31, follow. Prepare the required closing entries. Lewis Hamilton is the owner.

 

Account name

Debit

 

Credit

Commission Revenue

 

 

$25,620

Wages Expense

$8,110

 

 

Rent Expense

1,200

 

 

Supplies Expense

4,260

 

 

Insurance Expense

915

 

 

Depreciation Expense—Office Equipment

1,345

 

 

Total Expenses

 

 

15,830

Net Income

 

 

$  9,790

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Oct 2017 08:10 PM My Price 5.00

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