13- closing entries

Current Attempt in Progress Tamarisk Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024. The following information has been taken from the adjusted trial balance: Accounts payable $24,480 Interest expense $4,800 Cash dividends-common 57,600 Notes payable 96,000 Common shares 192,000 Retained earnings (Aug. 1, 2023) 337,920 Cost of goods sold 297,600 Salaries expense 134,400 Dividends payable 14,400 Sales 638,400 Income tax expense 28,800 Supplies expense 9,600 Income tax payable 2,880 Unearned revenue 11.520