The items that follow appeared in the Income Statement columns of the work sheet prepared for Armstrong Delivery Service at current year-end. In addition, retained earnings had a credit balance of $117,000 and dividends had a debit balance of $30,000 at year-end. Prepare closing journal entries for this company.
Definitions:
Facility Consideration
Factors that are taken into account when selecting or designing a physical location for operations.
Distribution Facilities
Physical locations such as warehouses and distribution centers where goods are stored, managed, and dispatched to retailers or customers, playing a critical role in the supply chain.
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