Prepare closing entries from the following information on the Thamesford Storage Company income statement columns

Prepare closing entries from the following information on the Thamesford Storage Company income statement columns from the worksheet.
Income statements
Debit Credit
Sales 34
Sales Ret. and Allow. $2
Income Summary 9 11
Cost of Goods Sold 22
Interest Revenue 3
Sales Salaries Expense 5
Office Salaries Expense 2

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