Prepare the closing entries for the Sales account, assuming a balance of $200,000 and the Cost of

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Prepare the closing entries for the Sales account, assuming a balance of $200,000 and the Cost of Goods Sold account with a $145,000 balance.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Sep 20, 2011 09:06 AM

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Prepare the closing entries for the Sales account, assuming a balance of $200,000 and the Cost of

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Accounting Principles

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