Question: Current Attempt in Progress Presented below are selected account balances for Oriole Co. as of December 31, 2025. Inventory 12/31/25 $60,520 Cost of Goods

Current Attempt in Progress Presented below are selected account balances for Oriole

Current Attempt in Progress Presented below are selected account balances for Oriole Co. as of December 31, 2025. Inventory 12/31/25 $60,520 Cost of Goods Sold $227,619 Common Stock 75,190 Selling Expenses 16,236 Retained Earnings 44,450 Administrative Expenses 38,252 Dividends 18,189 Income Tax Expense 29,730 Sales Returns and Allowances 11,790 Sales Discounts 15,120 Sales Revenue 403,060 Prepare closing entries for Oriole Co. on December 31, 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)

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