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How to do clsosing entries? Prepare a multiple-step income statement for November TAMARISK Income...

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How to do clsosing entries?

Prepare a multiple-step income statement for November TAMARISK Income Statement For the Month Ended November 30, 2022 Sales Sales Revenue 7700 Sales Discounts Net Sales 7546 Service Revenue 9835 Total Revenues 17381 of Goods Sold 5600 Gross Profit 11781 Expenses Depreciation Expense 350 Supplies Expense I 1344 Salaries and Wages Expense 5110 | Rent Expense Total Expenses Net Income / (Loss) 4452 Prepare a retained earnings statement for November. TAMARISK Retained Earnings Statement For the Month Ended November 30, 2022 Retained Earnings, November 1 | 9800 [Add v)Net Inca 4452 TRetained Earnings, November 30 14252 (g) Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 (To close revenue accounts and other accounts with credit balances.) Nov. 30 (To close expense accounts and other accounts with debit balances.) Nov. 30 (To close income summary.) Income Summary

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