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CengageNOWv2 | Online teachin X G how to prepare closing entries in X X C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false C : Apps f Facebook M Gmail YouTube Maps mySNHU Login 2-2 Homework: Chapters 3 and 5 eBook Calculator Print Item 8. Q.03-16 Closing Entries ? 9. Q.03-19 nstructions Chart of Accounts General Journal 10. Q.03-22 Instructions 11. Q.03-23 X 12. Q.03-24 Goldfinger Corporation had account balances at the end of the current 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 Goldfinger's common stock during the year. 13. Q.03-25 Required: 14. Q.03-26 Prepare Goldfinger's closing entries for the current year. 15. RE.03-02 16. RE.03-03 17. RE.03-04 18. RE.03-07 19. RE.03-08 20. Ex.03-01 21. Q.05-01 Q.05-02 23. Q.05-04 24. Q.05-06 25. Ex.05-01 Progress: 19/25 items Check My Work Previous Next Assignment Score: 92.8% All work saved. Email Instructor Save and Exit Submit Assignment for Grading Type here to search O 66 N X O 9:20 AM 11/7/2020CengageNOWv2 | Online teachin X G how to prepare closing entries in X X C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false C : Apps f Facebook M Gmail YouTube Maps mySNHU Login 2-2 Homework: Chapters 3 and 5 eBook Calculator Print Item 8. Q.03-16 Closing Entries ? 9. Q.03-19 nstructions Chart of Accounts General Journal 10. Q.03-22 Instructions X 11. Q.03-23 Chart of Accounts X 12. Q.03-24 General Ledger 13. Q.03-25 ASSETS REVENUE 14. Q.03-26 111 Cash 411 Sales Revenue 121 Accounts Receivable 15. RE.03-02 141 Inventory EXPENSES 16. RE.03-03 152 Prepaid Insurance 500 Cost of Goods Sold 181 Equipment 520 Operating Expenses 17. RE.03-04 189 Accumulated Depreciation 532 Income Tax Expense 18. RE.03-07 LIABILITIES 19. RE.03-08 211 Accounts Payable 231 Salaries Payable 20. Ex.03-01 250 Unearned Revenue 21. Q.05-01 261 Income Taxes Payable Q.05-02 EQUITY 23. Q.05-04 311 Common Stock 331 Retained Earnings 24. Q.05-06 391 Income Summary 25. Ex.05-01 Progress: 19/25 items Check My Work Previous Next Assignment Score: 92.8% All work saved. Email Instructor Save and Exit Submit Assignment for Grading Type here to search O 66 N X O 9:20 AM 11/7/2020CengageNOWv2 | Online teachin X G how to prepare closing entries in X X C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false C : Apps f Facebook M Gmail YouTube Maps mySNHU Login 2-2 Homework: Chapters 3 and 5 eBook Calculator Print Item 8. Q.03-16 Closing Entries ? 9. Q.03-19 nstructions Chart of Accounts General Journal 10. Q.03-22 Instructions 11. Q.03-23 X General Journal X 12. Q.03-24 13. Q.03-25 Prepare Goldfinger's closing entries on December 31. 14. Q.03-26 PAGE 1 15. RE.03-02 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 16. RE.03-03 1 Closing Entries 17. RE.03-04 N Dec. 31 Sales Revenue 29,000.00 18. RE.03-07 4 19. RE.03-08 20. Ex.03-01 21. Q.05-01 8 Q.05-02 9 23. Q.05-04 24. Q.05-06 25. Ex.05-01 Progress: 19/25 items Check My Work Previous Next Assignment Score: 92.8% All work saved. Email Instructor Save and Exit Submit Assignment for Grading Type here to search O 66 N X O cls 9:21 AM 11/7/2020