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Prepare the closing entries for russell corporation

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Reference no: EM13513724

Presented below is information related to Russell Corporation for the month of January 2012. Cost of goods sold $202,000 Salaries and wages expense $ 61,000 Freight-out 7,000 Sales discounts 8,000 Insurance expense 12,000 Sales returns and allowances 13,000 Rent expense 20,000 Sales revenue 340,000 Instructions Prepare the necessary closing entries.

Reference no: EM13513724

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