Karen Sepaniak has year-end account balances of Sales $828,900; Interest Revenue $13,500; Cost of Goods Sold $556,200; Operating Expenses $189,000; Income Tax Expense $35,100; and Dividends $18,900. Prepare the year-end closing entries.
Karen Sepaniak has year-end account balances of Sales $828,900; Interest Revenue $13,500; Cost of Goods Sold $556,200; Operating Expenses $189,000; Income Tax Expense $35,100; and Dividends $18,900. Prepare the year-end closing entries.
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Answer
Sales........................................................................................ 828,90…View the full answer
Related Book For 
Intermediate Accounting
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
ISBN: 978-0470423684