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Tiger Inc. has the following year-end account balances: Sales Revenue $928,900; Interest Income $17,500; Cost of Goods Sold $406,200; Operating Expenses $129,000; Income Tax Expense
Tiger Inc. has the following year-end account balances: Sales Revenue $928,900; Interest Income $17,500; Cost of Goods Sold $406,200; Operating Expenses $129,000; Income Tax Expense $55,100; and Dividends $15,900. Prepare the year-end closing entries.
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Closing entries Sale revenues 928900 Interest revenue 17500 Income summary 946400 To ...
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
