Prepare the year end closing entries
Side kicks has a year end account balances of Slaes Revenue 808,900, Interest Revenue 13,500, Cost of Goods Sold 556,200, Admin. Expenses 189,000, Income Tax Expense 35,100, and Dividends 18,900. Prepare the year end closing entries.
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The journal entry to record the purchase of raw materials would include a??
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