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-   -   How do you make a closing entry for interest revenue? (https://www.askmehelpdesk.com/showthread.php?t=534427)

  • Dec 13, 2010, 04:38 PM
    redrobyn719
    How do you make a closing entry for interest revenue?
  • Dec 13, 2010, 04:51 PM
    Just Looking

    All closing entries zero out income and expense items and adjust them to Income Summary. The Income Summary is then closed by adjusting to Retained Earnings.

    Do you understand what the entry would be? If you'd like to have it checked, post your entry and we'll be sure you are correct. Thanks.

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