Prepare separate closing entries for sales

Reference no: EM132132655

Question - The adjusted trial balance of Cheyenne Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2017: Sales Revenue $752,300, Delivery Expense $13,020, Sales Returns and Allowances $22,710, and Sales Discounts $13,140. Prepare separate closing entries for (1) sales and (2) the contra accounts to sales.

Reference no: EM132132655

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