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lenovo mobile a85... Thanks! Recover Messages hot star - Google... M Gmail YouTube O Maps Start HERE St. Ci... (39) WhatsApp Spinbot.com - Arti... Selected
lenovo mobile a85... Thanks! Recover Messages hot star - Google... M Gmail YouTube O Maps Start HERE St. Ci... (39) WhatsApp Spinbot.com - Arti... Selected amounts for Granger Corp. at December 31, 2026, are as follows: Inventory Retained Earnings Dividends Sales Revenue Sales Discounts Sales Returns & Allowances Cost of Goods Sold Administrative Expenses Income Tax Expense $50,000 $162,000 $12.000 $542,000 $6,200 $7.200 $390,000 $110,000 $85,000 Required: a) Prepare the closing entries for Granger Corp. on December31, 2026. b) Assume along with the above accounts given, there were the following two accounts, as well: Accumulated OCI $16,000 (credit balance) Unrealized Gain / Loss OCI $4.800 (debit balance) Without restating the closing entries you made for part a), what additional closing entry(ies) would you prepare, if any, given the above information for part b)? If no additional entry(ies) should be prepared state, "No additional entry(ies) needed, Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Sub
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