Following are Nintendos revenue and expense accounts for a recent calendar year (yen in millions). Prepare the

Question:

Following are Nintendo’s revenue and expense accounts for a recent calendar year (yen in millions). Prepare the company’s closing entries for its revenues and its expenses.
Net sales . . . . . . . . . . . . . . . . . ¥1,014,345
Cost of sales . . . . . . . . . . . . . . 626,379
Advertising expense . . . . . . . . 96,359
Other expense, net . . . . . . . . . 213,986