Sales revenue Salaries expense Interest revenue Advertising

Last updated: 9/12/2023

Sales revenue Salaries expense Interest revenue Advertising expense Gain on sale of investments Cost of goods sold Insurance expense Interest expense Income tax expense Depreciation expense View transaction let Required Prepare the necessary closing entries on December 31 2024 Note If no entry is required for a transaction event select No journal entry required in the first account field Journal entry worksheet Note Enter debits before credits Record the entry to close the revenue accounts Date December 31 2024 Sales revenue 424 000 57 500 4 600 8 750 5 900 233 200 9 350 2 800 Retained earnings Interest revenue 24 500 13 000 General Journal Rotainod parning Debit Credit 424 000 4 600 424 000 4800