Closing entries:

DateParticularsAmount (Dr)Amount (Cr)
31-dec-xxSales808000 
 Income statement 808000
31-dec-xxIncome statement556200 
 Cost of goods sold 556200
31-dec-xxIncome statement189000 
 Operating expenses 189000
31-dec-xxIncome statement35000 
 Income tax expense 35000
31-dec-xxRetained earnings18900 
 Dividend 18900
31-dec-xxInterest revenue13500 
 Income statement 13500

 

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Prepare the year-end closing entries.
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