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need closing entries Exercise 5-7 (Part Level Submission) Windsor, Inc. had the following account balances at year-end: Cost of Goods Sold $63,600; eventory $34,500; Operating

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Exercise 5-7 (Part Level Submission) Windsor, Inc. had the following account balances at year-end: Cost of Goods Sold $63,600; eventory $34,500; Operating txpenses $30,920; Sales Revenue $119,770; Sales Discounts $1,050; and Sales Returns arnd Alowances $1,680. A physical count of inventory determines that merchandise inventery on hand is $12,670 (a) Your answer is correct. Prepare the adtusting entry neccessary as a reslt of the physical count. (Credit account titles are automatically indented when amount is entered. Do net indent menualy, If no entry ist required, select "No Entry" for the acceunt titles and enter 0 for the amounts.) Account Titles and Explanatio Debit Credit 1830 Cost of Goods Sold 1,830 Imventory Open Show Work Click if you would like to Show Werk for this question sow SHOW ANSRs F accouama UNK TO TENTm Attempts: 1 ef 3 used v(b) ES ECedit acsunt tites are automaticaly indemted whe amount is enterd e mot indet mamay entry is eguned anlect nryor the accune the ammouats Account Tes and Explanation Debit Credit t dose accou wth et b s MacBook Air .. 441 # % 9 2 4 5 6 7 8 deveve Y U T W E R O P 44 K D F G J L X C V N 90 alt mmand command option - O Z T

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