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Information follows for Shakira Corporation for the month of January: Instructions Prepare the necessary closing entries. Cost of Goods Sold

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Information follows for Shakira Corporation for the month of January:
Information follows for Shakira Corporation for the month of January: Instructions Prepare

Instructions
Prepare the necessary closing entries.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Cost of Goods Sold $228,000 Salary and Wages Expense 61,000 Cash Advertising Expense Note Payable Freight-out Insurance Expense Rent Expense 16,000 1,200 7,000 1,000 364,000 14,000 62,000 Inventory 3,200 Interest Expense 33,000 Sales Discounts 9,000 12,000 Sales Revenue 20,000 Retained Earnings Sales Returns and Allowances

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Intermediate Accounting

Intermediate Accounting

ISBN: 978-0176509736

10th Canadian Edition, Volume 1

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

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Question Posted: September 18, 2015 11:43:12
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