Inventory 12/31/20$59,970 Cost of Goods Sold$223,818 Common Stock75,590 Selling Expenses16,076 Retained Earnings44,340 Administrative Expenses38,613 Dividends18,040...
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Accounting
Inventory 12/31/20$59,970
Cost of Goods Sold$223,818
Common Stock75,590
Selling Expenses16,076
Retained Earnings44,340
Administrative Expenses38,613
Dividends18,040
Income Tax Expense29,780
Sales Returns and Allowances11,773
Sales Discounts14,780
Sales Revenue402,900
how do you prepare closing entries for these accounts ?
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You can see the logs in the Dashboard.