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Question: 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 . . . . . . . . . . . . . . . . . ¥1,838,622

Cost of sales . . . . . . . . . . . . . . 1,044,981

Advertising expense . . . . . . . . 117,308

Other expense, net . . . . . . . . . 397,244

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92337180

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