Current Attempt in Progress Sheffield has year-end account balances of Sales Revenue $765,980, Interest Revenue $14,270, Cost of Goods Sold $522,512, Administrative Expenses $206,380, Income Tax Expense $36,747, and Dividends $20,638. Prepare the year-end closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation (To close revenue accounts.) Debit Credit

Sheffield has year-end account balances of Sales Revenue $765,980, Interest Revenue $14,270, Cost of Goods $ old $522,512, Administrative Expenses $206,380, Income Tax Expense $36,747, and Dividends $20,638. Prepare the year-end closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)