Pronghorn has year-end account balances of Sales Revenue $872,609, Interest Revenue $14,260, Cost of Goods Sold $611,594, Administrative Expenses $203,390, Income Tax Expense $38,381, and Dividends $20,339

Finance Oct 19, 2020

Pronghorn has year-end account balances of Sales Revenue $872,609, Interest Revenue $14,260, Cost of Goods Sold $611,594, Administrative Expenses $203,390, Income Tax Expense $38,381, and Dividends $20,339. 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.)
No. Account Titles and Explanation Debit Credit

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