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 34Sales Ret. and Allow. $2Income Summary 9 11Cost of Goods Sold 22Interest Revenue 3Sales Salaries Expense 5Office Salaries Expense 2


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