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Question 13 Prepare the closing entries for the sales Revenue account, assuming a balance of $300,000 and the cost of Goods Sold account with a $217,500 balance. Two closing entries are required: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Account Titles and Explanation Debit Credit (2) Click if you would like to Show Work for this question: Open Show Work