英语翻译Exercise3.Sparkiehasyear-endaccountbalancesofSales$828,900;InterestRevenue$13,500;CostofGoodsSold$556,200;OperatingExpenses$189,000;IncomeTaxExpense$35,100;andDividends$18,900.InstructionsPreparetheyear-endclo

Question

英语翻译
Exercise 3.Sparkie 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.
Instructions
Prepare the year-end closing entries.

Answer 1

Dr.Sales $828,900Interest Revenue $13,500Cr.Cost of Goods Sold $556,200Operating Expenses $189,000Income Tax Expense $35,100Dividends $18,900Retain earning $ 43,200