Hot Tamale Company Had $120,000 of Revenues and $125,000 of Expenses

question 22

Essay

Hot Tamale Company had $120,000 of Revenues and $125,000 of Expenses. No dividends were paid. Please provide the third of the year-end closing entries.
$$\begin{array} { | l | l | l | } \hline \quad\quad\quad\quad\quad& \quad\quad&\quad\quad \\\hline & & \\\hline\end{array}$$

---

Definitions:

Eyewitness Memory

The recollection by individuals of events they have witnessed, especially significant to criminal investigations.

Laboratory Experiments

Controlled tests or investigations conducted in a specially equipped space where variables can be manipulated and measured to explore scientific theories.

Real-World Stimuli

External inputs from the environment that can be perceived and interacted with in everyday life.

Eyewitness Memory

The recall of individuals who have witnessed a particular event or crime, concerning their ability to remember and report details accurately.