Qucstion 6 ne following balances have been extracted from the adjusted trial balance of Omar company on 31/12/2011 Cash Inventory A/R Sales revenue Unearned sales revenue Sales returned and allowances Sales discount Cost of goods sold Selling and marketing expenses Administrative expenses Allowance for uncollectible accounts 1,500 $25,000 10,000 5,250 95,000 3,500 2,500 1,500 50,500 10,500 5,500 Required 1. Prepare closing entries for the year ended 31s of December, 2011. 2. Prepare multiple income statement for Omar company ANSWER: 1. Closing entries Debit credit Date