The year-end adjusted trial balance of the timmons tool and

Reference no: EM13586371

The year-end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances: retained earnings, $240,000; sales revenue, $830,000; cost of goods sold, $530,000; salaries expense, $200,000; rent expense, $44,000; and interest expense, $19,000. Prepare the necessary closing entries.

General Journal Debit Credit

Event 1

Event 2

Event 3

Reference no: EM13586371

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