Earned net income journal entry

June 1, 2021 / Rating: 4.8 / Views: 504

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Earned net income journal entry

Net Income or Loss. The closing entries of a corporation include closing the income summary account to the Retained Earnings account. If the corporation was profitable in the accounting period, the Retained Earnings account will be credited; Dr Sales Cr Retained Earnings. if the corporation suffered a net loss, Retained Earnings will be debited.

Earned net income journal entry


Earned net income journal entry

Earned net income journal entry


Earned net income journal entry

Earned net income journal entry


Earned net income journal entry

Earned net income journal entry

Earned net income journal entry

Earned net income journal entry


Earned net income journal entry

Earned net income journal entry


Earned net income journal entry


Earned net income journal entry

Earned net income journal entry




Earned net income journal entry

Earned net income journal entry


Earned net income journal entry

Earned net income journal entry
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