Business, 29.01.2021 17:00 linkhyrule1138
Presented below are selected account balances for Tamarisk Co. as of December 31, 2020.
Inventory 12/31/20 $60,770
Cost of Goods Sold $229,017
Common Stock 74,170
Selling Expenses 16,133
Retained Earnings 45,080
Administrative Expenses 37,525
Dividends 17,873
Income Tax Expense 30,300
Sales Returns and Allowanes
11,908
Sales Discounts 15,070
Sales Revenue 408,750
Prepare closing entries for Tamarisk Co. on December 31, 2020.
Answers: 3
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Presented below are selected account balances for Tamarisk Co. as of December 31, 2020.
Inventory 1...
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