=+EX 4-26 Appendix: Closing entries from an endof-period spreadsheet

(work sheet)

Chapter 4 Completing the Accounting Cycle 185 The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.:

December 31 2007 2006 Current assets $322,245 $244,952 Current liabilities 95,699 71,563