Sunland has year-end account balances of sales revenue $744,020, interest revenue $13,110, cost of goods sold $513,065, administrative expenses $202,210, income tax expense $32,779, and dividends $20,221. prepare the year-end closing entries. (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.)

Explanation:

The closing entry for the following accounts are shown below:

1. Sales Revenue A/c Dr $744,020

Interest revenue A/c Dr $13,110

          To Income Summary $757,130

(Being revenue account closed)

2. Income summary A/c Dr $748,054

       To Cost of Goods Sold          $513,065

       To Administrative Expenses $202,210

       To  Income Tax Expense       $32,779

(Being expenses accounts are closed)

3. Income summary A/c Dr $9,076  ($757,130 -  $748,054)

                To Retained earning $9,076   ($757,130 -  $748,054)

(Being the difference is credited to retained earning)

4. Retained earnings A/c Dr $20,221

            To Dividend A/c $20,221

(Being dividend account is closed)

engine assembler, survey reasearcher, auditor

someone i feel is a leader in my life id have to say would be my mother because she has give me great advice in life and got me out of tough situations. some characteristics she has are creativity, honesty, commitment, respect for others, and communication. one example of a situation when she demonstrated leadership was when i was working late on homework and i started to get stressed and got upset, she asked me if i needed some , and she me with my work. she demonstrated communication and commitment.

i don't know if this is exactly what your looking for but i hope this !