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  3. presented below are selected account balances for headland co as...

Question: presented below are selected account balances for headland co as...

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Presented below are selected account balances for Headland Co. as of December 31, 2017 Inventory 12/31/17 Common Stock Retained Earnings Dividends Sales Returns and Allowances Sales Discounts Sales Revenue $60,050Cost of Goods Sold 74,370 Selling Expenses 45,010 Administrative Expenses 17,920 Income Tax Expense 12,116 14,740 $229,610 15,940 37,625 29,930 410,200
Prepare de s ng entries for Headr Ca on Dece ·20 1 Credit account titles are automatically an ented when amount es entered. Do not indent mana all. If no entry er u red, see No entry for the account titles and enter 0 for the amounts) No. Accont Titles and Explanatiorn Credit (To close accounts with credt balances) To close accounts with debit balances (To close net income/(loss) (to close dividends)
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