The work sheet from Application Problem 4-3 is needed to complete this problem. 1. Journalize the adjusting
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The work sheet from Application Problem 4-3 is needed to complete this problem.
1. Journalize the adjusting entries for AllSports Center. Use page 13 of a general journal.
2. Journalize the closing entries for AllSports Center. Use pages 14 and 15 of a general journal. Dividends declared during the current quarter were \($12,000.00.\)
Data from Problem 4-3
AllSports Center is a merchandising business that sells sports clothing and equipment. AllSports Center’s December 31 trial balance is recorded on a 12-column work sheet in the Working Papers. The following adjustment information is available:
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