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Prepare Closing Entries to Retained The Century Company s adjusted trial balance contains the following balances as of December 3 1 : Retained Earnings (
Prepare Closing Entries to Retained
The Century Companys adjusted trial balance contains the following balances as of December :
Retained Earnings beginning of year $ Cost of Goods Sold $
Dividends Selling and Administrative Expenses
Sales Interest Expense
Create the journal entry to close expense accounts to retained earnings. Enter expense accounts in order of magnitude largest to smallest.
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