Problem regarding the closing entries for nordstrom

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Reference no: EM13954252

Closing Entries for Nordstrom

The following accounts appear on Nordstrom's 2011 financial statements as reported in its Form 10-K for the fiscal year ended January 28, 2012. The accounts are listed in alphabetical order, and the balance in each account is the normal balance for that account. All amounts are in millions of dollars. Prepare closing entries for Nordstrom for 2011.

Cash Dividends Paid	$197
Cost of Sales and Related Buying and Occupancy Costs	6,592
Credit Card Revenues	380
Income Tax Expense	436
Interest Expense, net	130
Net Sales	10,497
Selling, General and Administrative Expenses: Credit	229
Selling, General and Administrative Expenses: Retail	2,807

Reference no: EM13954252

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