Business, 16.06.2020 19:57 taylerblaylock

The income statement for the Sage Hill Inc. for the month ended July 31 shows Service Revenue $17,470, Salaries and Wages Expense $8,870, Maintenance and Repairs Expense $3,370, and Income Tax Expense $1,470. The statement of retained earnings shows an opening balance for Retained Earnings of $20,520 and Dividends $1,760. Prepare closing journal entries.

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The income statement for the Sage Hill Inc. for the month ended July 31 shows Service Revenue $17,47...

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