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Gross Sales are 100. Sales-discounts 10. Bad Debt Expense is 30. COGS is 30. Interest Expense is 10. Tax Rate is 20%. Accounts Receivable balance

Gross Sales are 100. Sales-discounts 10. Bad Debt Expense is 30. COGS is 30. Interest Expense is 10. Tax Rate is 20%. Accounts Receivable balance is 30. Prepare closing entry

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