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Goldfinger Corporation had account balances at the end of the current t year as follows: sales revenue, $29,000; cost of goods sold, $12,000; operating expenses,
Goldfinger Corporation had account balances at the end of the current t year as follows: sales revenue, $29,000; cost of goods sold, $12,000; operating expenses, $6,200; and income tax expense, $4,320. Assume shareholders owned 4,000 shares of Goldfingers common stock during the year.
Prepare Goldfingers closing entries for the current t year
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