Business, 26.01.2022 20:30, memester74

Presented below are selected account balances for Blossom Co. as of December 31, 2020. Inventory 12/31/20 $59,590
Cost of Goods Sold $229,667
Common Stock 74,470
Selling Expenses 16,223
Retained Earnings 44,230
Administrative Expenses 37,519
Dividends 18,226
Income Tax Expense 30,500
Sales Returns and Allowances11,922
Sales Discounts 14,790
Sales Revenue 408,340
Prepare closing entries for Blossom Co. on December 31, 2020.

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Presented below are selected account balances for Blossom Co. as of December 31, 2020. Inventory 1...