Business, 20.09.2020 15:01 lisafrench8222

Presented below are selected account balances for Sunland Co. as of December 31, 2020. Inventory 12/31/20 $59,550 Cost of Goods Sold $222,005
Common Stock 76,250 Selling Expenses 15,964
Retained Earnings 44,780 Administrative Expenses 37,422
Dividends 18,160 Income Tax Expense 30,070
Sales Returns and Allowances 11,865 Sales Discounts 15,140
Sales Revenue 405,210

Required:
Prepare closing entries for Homer Winslow Co. on December 31, 2020.

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Presented below are selected account balances for Sunland Co. as of December 31, 2020. Inventory 12...

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