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

question 128

Essay

Hot Tamale Company had $120,000 of Revenues and $125,000 of Expenses. No dividends were paid. Please provide the second 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:

Trochophore Larva

A larval form found in mollusks and many polychaetes.

Petechiae

Tiny, round spots that appear on the skin due to bleeding under the surface, often indicative of a medical condition.

Dark-Skinned Individuals

Persons with a higher concentration of melanin in the skin, which can affect the clinical diagnosis of conditions like anemia or petechiae.

Oral Mucosa

The mucous membrane lining the inside of the mouth, which can be a site of absorption for certain medications or a location for various diseases.