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Question 8 of 113 View Police Current Attemot in Progress Kingbird Inc. Kad the following account balances at year-end Cost of Goods Sold A950, inventory $14,340 Operating Des $29.500 Sales Revenue $122540: Sales Discounts $1,100 and Sales Returns and Allowance $1,970. A piacon of inventory determines that merchandise inventory on hand is $12.520 Preparedne austing entry necessary result of the physical court dit nie automatically indeed when Brendontinentally frontierte Entry for the contendenter for the amounts Account Titles and Explanation Debit Credit Textbook and Media La of Accounts Prepare doing entries. Cet accounts are made when and Donderer dit "No Entry for the land for them Account Titles and Explanation Debit Credit (Tudose accounts with credit banch) JE List of Accounts Prepare closing entries. Credit account detare och montentor. Doneiden asily roma med. seled "No Entry for the condities and enter for the AccoulTitles and Explanation Debit Credit (To close accounts with credit balances) (To dose accounts with debit balances) (Ta dose net income loss}} e Textbook and Media List of Accounts