The items that follow appeared in the Income Statement columns of the work sheet prepared for Armstrong Delivery Service at current year-end.In addition,Retained earnings had a credit balance of $117,000 and Dividends had a debit balance of $30,000 at year end.Prepare closing journal entries for this company.

Question

The items that follow appeared in the Income Statement columns of the work sheet prepared for Armstrong Delivery Service at current year-end.In addition,Retained earnings had a credit balance of $117,000 and Dividends had a debit balance of $30,000 at year end.Prepare closing journal entries for this company.
The items that follow appeared in the Income Statement columns of the work sheet prepared for Armstrong Delivery Service at current year-end.In addition,Retained earnings had a credit balance of $117,000 and Dividends had a debit balance of $30,000 at year end.Prepare closing journal entries for this company.

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The Answer of The items that follow appeared in the Income Statement columns of the work sheet prepared for Armstrong Delivery Service at current year-end.In addition,Retained earnings had a credit balance of $117,000 and Dividends had a debit balance of $30,000 at year end.Prepare closing journal entries for this company.

The Items That Follow Appeared in the Income Statement Columns