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Prepare closing entries for homer winslow co

03/05/2021 Client: muhammad11 Deadline: 2 Day

Presented below are selected account balances for Homer Winslow Co. as of December 31, 2020.

Inventory 12/31/20 Common Stock Cost of Goods Sold Selling Expenses Administrative Expenses Income Tax Expense $ 60,000

Instructions

Prepare closing entries for Homer Winslow Co. on December 31, 2020. (Omit explanations.)

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