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i need all the answers with reasons other wise i will give negative review Question No. 2 Marks 15 Prepare the closing entries of revenue

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Question No. 2 Marks 15 Prepare the closing entries of revenue and expense from July 1" to December 31.2002. Nestle company reported the following income statement for the year ended June 30, 2018. Their financial figures are given below in dollor. 2010 91 439 Sales Other revenue Cost of goods sold Distribution expenses Marketing and administration expenses Pesarch and development costs Other trade income Other trading expenses Trading operating profit 311 146 0701 3.469 120 0031 11687 37 11709 13 789 Other operating income Other operating expenses Operating profit 2535 2572 13 752 Financial income Finance Profit before taxes, associates and joint ventures 247 11 000 12 991 Taus Income from this and joint ventures Profit for the year 3439 910 10.468 Suppose, Nestle incurred the following more transaction from July 1, 2018 to December 31, 2018. 1. Invested more $ 100,000 and other transactions for the month are: 2. Purchase Furniture for Cash 7,000. 3. Purchase Goods for Cash 2,000 and for Credit. 1,000 from Khalid Retail Store

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