nws (similar to) sted trial balance of Armstrong Corporation at December 31 shows that sales revenue for the year was $560,000 and other revenue ld for that same period was $270,000, while other expenses totaled $190,000. The corporation declared and paid dividends of $19,00 of retained earnings before closing entries was $475,000. i Requirements e requirements. are the closing entries for reve y recording the entry to close tions from Accou 1. Prepare the closing entries for revenues, expenses, and dividends for the year. 2. What was net income for the year? 3. What is the ending balance of retained earnings after the closing entries are posted? Print Done se from any list or enter any number in the input fields and then click Check Answer. arts Clear All Final emaining Calculator OK earch Menu S3-17 (similar to) Question Help ignments The adjusted trial balance of Armstrong Corporation at December 31 shows that sales revenue for the year was $560,000 and other revenue was $43,000. Cost of goods sold for that same period was $270,000, while other expenses totaled $190,000. The corporation declared and paid dividends of $19,000 during the year. The balance of retained earnings before closing entries was $475,000 Homework Take a Quiz/Test Read the requirements Requirements 1. Prepare the closing www.woros, Oponses, and dividends for the year (Record debe first the credits Exclude explanations from any journal entries) Begin by recording the entry to close out the revenue accounts Journal Entry Date Accounts Debit Credit Dec 31 Choose from any stof enter any number in the in Fural Check