filling blank spaces no retained Earnings Presented below is selected information related to Hoerl...
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Accounting
filling blank spaces no retained Earnings
Presented below is selected information related to Hoerl Co. for the month of January 2022. Account Titles and Explanation Sales Revenue Income Summary (To close accounts with credit balances) Income Summary Cost of Goods Sold Freight-Out Insurance Expense Rent Expense Salaries and Wages Expense Sales Discounts Sales Returns and Allowances (To close accounts with debit balances) Income Summary Debit 380,000 55,000 10,000 13,000 (To close net income / (loss))
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