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Cold Cllmate Unadjusted Trial Balance December 31 Debit Account Credit Cash $95,000 Accounts Receivable 171,000 129,950 Inven
a) Prepare the adjusting entries as of December 31 for each situation. a. A physical count of store supplies showed $400 rema
COLD CLIMATE Income Statement For Month Ended December 31 Revenue: Operating Expenses Selling Expenses
General and Administrative Expenses Total Operating Expenses Income from Operations Net Income
NEt income c) Prepare the 3 required closing entries to record net income as of December 31, Date Description Deblt Credit De
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Description Stores Supplies expense Debit Credit Date S No 2200 [2600-400] Store supplies Dec 31 a 2200 Office Supplies expenIncome Statement Revenue: Sales 943755 Sales discoun 9500 18500 Sales returns 28000 915755 Net Sales Cost of goods sold GrossDate Description Sales debit Credit Dec 31 943755 Income summary 943755 Income summary 939755 Sales discounts 9500 Sales retu

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