Question

TELL CROATA ALLAN SEO-Yo Malware Tips - Your Forum - Templari Trade-Path of Exile PoE Goods Chapter 3 Practice Exercises A Swed 6 Following are Nintendo's revenue and expense accounts for a recent March 31 fiscal year end lyenin millions) (Enter answers in millions) 2.5 poles Net sales Cost of sales Advertising expense Other expense, net 4504,499 283,494 46,616 157.811 Prepare the company's closing entries for ( its revenues and (2) its expenses View transaction list Journal entry worksheet < > rences Record the closure of revenue account Notebb Date General Journal Debit Credit March 31 Recorder Chereby View all < Prev 6 of 8 III Next >

Answer 1

Please find the entries below-

Date General Journal Debit Credit

Mar 31 Net Sales 504,459

Income Summary 504,459

Mar 31 Income Summary 487,941

Cost of sales 283,494

Advertising expense 46,636

Other expense, net 157,811

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