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Use Kellogg Company's adjusted halovce te onde ned to questions. It is prepared BEFORE dostas entries All AMOs of woms of deles. Kellogg's fiscd peer

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Use Kellogg Company's adjusted halovce te onde ned to questions. It is prepared BEFORE dostas entries All AMOs of woms of deles. Kellogg's fiscd peer onded December 28, 2019. Kellogg's Credits Adjusted Trial Balance December 28, 2019 Debits Cash and other current assets Property, plant, and equipment, net 3,612 Goodwill and other assets 10321 Accounts payable and other current liabilities Long-term liabilities Common stock Retained earnings Dividends 769 Sales Interest revenue Cost of goods sold 9,197 Selling and administrative expense 2.523 452 Depreciation expense Interest expense 291 Income tax expense 321 Totals S 31. 122 4,778 9,472 1,026 2099 13.578 171 SE11122 5. Kellogg's joumal entry to close the revenue and expense accounts should include a: 2 Credit to Sales for $13.578 million b. Debit to Income tax expense for $321 million C. Debit to Retained earnings for $2,097 million d. Credit to Retained earnings for 5960 million 6 The Retained earings balance shown on Kellogg's December 28, 2019 balance sheet tie, ENDING Retained earnings) is: $3.826 million b. $3.057 million $2.288 million de $2.097 million

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