Solution-Prepare the company''s closing entries

Prepare the company''s closing entries

Reference no: EM13892808

1.Following are Nintendo's revenue and expense accounts for a recent calendar year (yen in millions). Prepare the company's closing entries for its revenues and its expenses.

Net sales . . . . . . . . . . . . . . . . . 1,014,345
Cost of sales . . . . . . . . . . . . . . 626,379
Advertising expense . . . . . . . . 96,359
Other expense, net . . . . . . . . . 213,986

Reference no: EM13892808

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Prepare the company''s closing entries

Reference no: EM13892808

Reference no: EM13892808

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